Sports
Manchester City, Premier League both claim victories after APT ruling delivered
Manchester City and the Premier League are both claiming victories after a ruling regarding the league’s Associated Party Transaction (APT) regulations was published.
The ruling states that the Premier League’s APT rules and amendments, which were introduced in December 2021 and February of this year respectively, are “unlawful” and in breach of UK competition law as they deliberately exclude shareholder loans — when a club borrows money from its ownership group, usually interest-free.
This case is separate from City’s defence of more than 100 charges against them for allegedly breaching the Premier League’s profitability and sustainability rules (PSR), which they deny.
In this case, City claimed that the league’s APT rules — which aim to regulate against its clubs using sponsorship deals with companies linked to their owners to inflate revenue streams and allow room for greater spending — are unlawful and against competition law. The league insisted that the rules were fully compatible with the law.
A statement from City on Monday outlined that the Premier League “was found to have abused its dominant position” by the tribunal. City also pointed out that the panel has ruled two of the league’s decisions on the club’s sponsorship deals — relating to the Etihad Air Group and First Abu Dhabi Bank — should be set aside.
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The Premier League, meanwhile, said that it “welcomes” the ruling. The league admitted that the ruling identified “a small number of discrete elements” of the APT which do not comply with competition law but claims it “(endorses) the overall objectives, framework and decision-making of the APT system”.
The Premier League added that the tribunal had deemed the APT rules “necessary” as a means of ensuring the efficacy of the league’s Profitability and Sustainability Rules (PSR), “thereby supporting and delivering sporting integrity and sustainability in the Premier League”.
City have won the last four Premier League titles (Naomi Baker/Getty Images)
The Premier League says it will continue to operate the APT system, “taking into account the findings” of the tribunal. It added that the elements that do not comply with competition law “can quickly and effectively” be fixed.
The ruling was delivered by a three-person arbitration panel and came after City challenged the league’s APT rules. The case was heard in June.
An amendment to the current APT rules was set to be discussed at a meeting of Premier League shareholders on Thursday but was removed from the agenda ahead of time.
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A key part of Monday’s ruling related to the issue of shareholder loans.
The tribunal decided that as well as sponsorship deals, shareholder loans should also be taken into account by the APT rules. Many of these loans are interest-free, which benefits the club because they will subsequently owe a smaller amount. Arsenal, for example, have borrowed more than £200million ($262m) in shareholder loans, as of the end of 2022-23.
Historically, interest-free shareholder loans have been excluded from the APT rules, which City claimed was unfair. Their argument is that this distorts the profitability and sustainability (PSR) calculations because an interest-free loan cannot be a fair market value. The tribunal agreed with them.
In theory, this means that if interest-free shareholder loans are included within PSR, many clubs will have to rebalance their books in order to avoid a breach.
Arsenal owe more than £200m to their owner, Stan Kroenke (right) (Glyn Kirk/AFP via Getty Images)
In June, a 165-page legal submission seen by British newspaper The Times showed that City argued they have suffered “discrimination” as a result of the league’s APT rules, alleging they amounted to a “tyranny of the majority”. Premier League rules dictate that a majority of 14 clubs must agree to new regulations being implemented.
Premier League clubs voted through temporary measures relating to APT in October 2021. That came following the Saudi Arabian Public Investment Fund (PIF) taking control of Newcastle United earlier that month. In December 2021, it was ruled that clubs must submit all sponsorship deals worth over £1million ($1.26m) to the Premier League to decide on the possibility of an APT — despite opposition from City and Newcastle.
Those rules were then were strengthened in February 2024 following another vote among the clubs, who voted in favour of a framework that sees all APTs subjected to a fair market value test, meaning that any deal would have to be financially justifiable for all parties.
There had previously been concerns that ownerships could use multiple companies under their jurisdiction to strike sponsorship agreements that would artificially inflate their own revenue and circumvent PSR rules.
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The APT rules, though, ensured that Newcastle have had their sponsorship agreements with PIF-linked events company Sela and e-commerce company Noon subjected to the market value tests.
It is also applicable for any sponsorship agreements between City and other groups with links to the club’s City Football Group (CFG) ownership. City have always voted against or abstained against the introduction of APT rules at Premier League meetings.
In 2022-23, City posted Premier League record revenues of £712.8m (now ¢953m), of which almost half — £341.4m — was commercial income.
Much of City’s revenue came from companies with links to CFG. Etihad, the state airline of the United Arab Emirates, is the lead sponsor for both City’s shirt and stadium.
Etihad Airways has been City’s primary shirt sponsor since 2009 (Stu Forster/Getty Images)
Leicester City are also implicated by the APT regulations. Their chief executive and chairman Aiyawatt Srivaddhanaprabha also controls the King Power company, which is the lead sponsor of the club’s jersey, stadium and training kit.
However, City and Newcastle’s close links to state investment offer them a more extensive network of related companies — which is why rival Premier League clubs mobilised to close the loophole.
UEFA also has its own fair-market value test. City’s legal case does not address those laws and the club will still have to comply with them in European competition.
The Athletic will bring you a full breakdown of the decision and its implications in the near future.
(Top photo: Visionhaus/Getty Images)
Sports
Napoleon Solo wins 151st Preakness Stakes
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Napoleon Solo took home the 2026 Preakness Stakes on Saturday, the 151st running of the race.
The favorite in Taj Mahal, the 1 horse, was in the lead from the start until the final turn until Napoleon Solo made his move on the outside and took the lead at the top of the stretch. As Taj Mahal fell off, Iron Honor, the 9 horse, snuck up, but the effort ultimately was not enough.
Napoleon Solo opened at 8-1 and closed at 7-1. Iron Honor, at 8-1, finished second, with Chip Honcho fishing third after closing at 11-1. Ocelli, one of just three horses to run both the Kentucky Derby two weeks ago and Saturday’s Preakness, finished fourth at 8-1.
A Preakness branded starting gate is seen on track prior to the 151st Preakness Stakes at Laurel Park on May 16, 2026 in Laurel, Maryland. For the first and only time, Laurel Park is hosting the Preakness Stakes which is the second race of the Triple Crown jewel due to the traditional home of the race of the Pimlico Race Course undergoing complete renovations. (Patrick Smith/Getty Images)
A $1 exacta paid out $53.60, while a $1 trifecta brought in $597.10. But someone out there is very lucky, as a $1 superhighfive – picking the top-five finishers in order – paid out $12,015.70.
Even moreso, a 20-cent Pick 6 – picking the winners of the six consecutive races, with the final being the Preakness, paid out $33,842.34.
The race was run without the Kentucky Derby winner for the second year in a row. After Sovereignty did not run the Preakness last year – and wound up winning the Belmont Stakes – the training team of Golden Tempo opted to skip the Maryland race.
From 1960 to 2018, only three Derby winners did not run in the Preakness. Three Derby winners have skipped the Preakness in the last five years, and for the sixth time in eight years, for various reasons, the Triple Crown had already been impossible to accomplish by the time the Preakness even rolled around.
“I understand that fans of the sport or fans of the Triple Crown are disappointed, but the horse is not a machine,” Golden Tempo’s trainer, Cherie DeVaux, told Fox News Digital earlier this week.
Paco Lopez, right, atop Napoleon Solo, edges out Iron Honor, ridden by Flavien Prat, to win the 151st running of the Preakness Stakes horse race, Friday, May 15, 2026, at Laurel Park in Laurel, Maryland. (AP Photo/Stephanie Scarbrough)
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Only three horses from two weeks ago – Ocelli, Robusta, and Incredibolt, were back at the Preakness. Corona de Oro, the 11 horse on Saturday, was scratched well ahead of the Derby, and Great White, who reared up and fell on his back after becoming startled shortly before entering the Derby gate, took the 13 post on Saturday.
The Preakness went off roughly 24 hours after a horse died following the completion of his very first race.
Hit Zero, trained by Brittany Russell, came into the race as the favorite. However, he finished last in the race, which was won by another one of Russell’s horses, Bold Fact — and upon crossing the finish line, Hit Zero reportedly began coughing, dropped to his knees, then put his head down and died.
The Preakness took place at Laurel Park as Pimlico undergoes renovations. It was the first time ever that Pimlico did not host the race, moving roughly 20 miles south.
Paco Lopez, atop Napoleon Solo, wins the 151st running of the Preakness Stakes horse race, Friday, May 15, 2026, at Laurel Park in Laurel, Maryland. (AP Photo/Stephanie Scarbrough)
The Belmont Stakes, the final Triple Crown race, will take place on June 6. The race will return to Saratoga for a third year in a row as Belmont Park continues to be renovated.
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Sports
High school boys volleyball: City Section Saturday finals
HIGH SCHOOL BOYS VOLLEYBALL
CITY SECTION FINALS
FRIDAY
At Birmingham
DIVISION I
#1 Taft d. #3 Cleveland, 25-23, 25-14, 25-21
DIVISION IV
#7 Maywood CES d. #4 Math & Science College Prep, 25-17, 25-17, 25-23
At Venice
DIVISION II
#4 Marquez d. #6 Narbonne, 23-25, 25-19, 29-27, 25-16
DIVISION III
#13 Birmingham d. #2 Legacy, 25-20, 17-25, 31-33, 25-21, 15-10
SATURDAY
At Birmingham
OPEN DIVISION
#3 Chatsworth d. #1 Granada Hills, 24-26, 25-21, 25-14, 25-18
DIVISION V
314 Franklin d. #13 Rancho Dominguez, 25-18, 25-19, 25-16
SOUTHERN SECTION FINALS
THURSDAY
At Home Sites
DIVISION 9
Vasquez d. Tarbut V’ Torah, 25-19, 22-25, 25-21, 19-25, 15-10
FRIDAY
At Cerritos College
DIVISION 1
#1 Mira Costa d. #3 Loyola, 25-21, 25-22, 25-22
DIVISION 4
Sunny Hills d. Royal, 24-26, 25-22, 27-25, 25-23
At Home Sites
DIVISION 5
Bishop Diego d. St. Anthony, 25-19, 25-19, 23-25, 25-23
DIVISION 8
Temescal Canyon d. West Valley, 24-26, 25-16, 25-19, 25-23
SATURDAY
At Cerritos College
DIVISION 2
Orange Lutheran d. Edison, 3-1
DIVISION 3
Windward d. St, John Bosco, 24-26, 25–21, 25-22, 25-20
DIVISION 6
Culver City d. Garden Grove, 27-25, 25-20, 19-25, 21-25, 15-9
Sports
It’s Game 7, and we have a bet locked in as the Cavaliers and legacies are on the line against the Pistons
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The NBA takes a lot of flak for having meaningless games, and I can definitely understand it, watching on a random Wednesday in January. However, the playoffs have delivered over and over to viewers and rewarded us for putting up with garbage regular-season games.
This will be the fourth Game 7 of the playoffs. Three series have been sweeps, and the other three have been six games. That shows competitive hoops. Now, how do we bet this Game 7 in the Eastern Conference?
The Cleveland Cavaliers blew it. After not winning a road game all postseason, they took Game 5 in surprising fashion. It looked like they were going to win in six games. After all, they hadn’t lost a game at home in the postseason.
Instead, Detroit came out and blitzed the Cavs, never giving them a chance to get their footing. They lost in an ugly fashion and now have to figure out a way to win a game on the road.
Cleveland Cavaliers guard James Harden drives to the basket against the Detroit Pistons during the second half of Game 5 in the second-round NBA playoffs in Detroit on May 13, 2026. (Duane Burleson/AP)
It isn’t just the Cavs’ fate that rests in this game. It is also the legacy of James Harden and, to a lesser extent, Donovan Mitchell.
We know that Mitchell is a very good player, but he isn’t regarded as one of the best players ever. Harden is. Unfortunately, Harden has struggled in Game 7s. He’s averaged 19.1 points, 7.3 assists and 5.8 rebounds. That’s not terrible, but looking at his shooting percentages, he is at 35.3% and 22.2% in those games. He actually is 4-4 overall in the games, but in his past three, he has scored a combined 34 points over 113 minutes.
The Detroit Pistons seem to like playing with their backs against the wall. They are a gritty team, so I suppose it makes sense.
Detroit Pistons’ Jalen Duren reacts after allowing a pass to go out of bounds in the second half of Game 4 of the second-round NBA playoff series against the Cleveland Cavaliers in Cleveland on May 11, 2026. (Sue Ogrocki/AP)
Cade Cunningham continues to deliver for the team, and he finally got some help in Game 6 from Jalen Duren. This was never going to be an easy series for Duren, but it feels like he is taking more time to mature than others. He definitely improved this year, but the consistency they need from him just isn’t there yet.
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Now as the team goes home they will need Duren to be a beast on the glass. If he can keep the Pistons in the rebounding battle, they should win this game with ease. They won Game 6 by just three rebounds, but that takes away a big dimension of what Jarrett Allen and Evan Mobley do for the Cavs. It isn’t everything, though, as the Pistons won the rebounding battle in both losses in Cleveland.
I don’t see this being a runaway game for the Pistons. Mitchell and Cunningham likely will cancel each other out with scoring. Harden needs to establish himself as the third-best player on the floor. I haven’t seen him do that in the postseason, yet.
Cleveland Cavaliers All-Stars Donovan Mitchell and James Harden talk during Game 2 in the first round of the 2026 NBA Playoffs vs. the Toronto Raptors at Rocket Mortgage FieldHouse in Ohio. (David Dermer/Imagn Images)
This is the second Game 7 of the playoffs for both of the clubs, so it isn’t like either will be caught off guard about what this entails.
If I look at it objectively, I think the Cavs have the better players. However, the Pistons have looked significantly better this season, and definitely in the playoffs overall. Both are prone to issues and slipping. The Cavs shouldn’t be as they are a veteran team.
This game has to be won by Cleveland, though. There is too much riding on the franchise and legacies of guys for them to not prepare properly for it. Maybe that’s weak analysis, but I’m taking the Cavs with the points and I do think they win outright. I expect a monster game from Mitchell, and Harden should get 10+ assists.
Either way, whoever wins will lose to the New York Knicks.
For more sports betting information and plays, follow David on X/Twitter: @futureprez2024
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