Arsenal owner Stan Kroenke will likely be forced to change the way he invests in the club following the ruling in Manchester City’s associated party transactions (APT) case.
That is the view of former Man City financial adviser Stefan Borson, who exclusively told Football Insider the American businessman will probably have to start putting money into the north London giants as equity as opposed to debt.
Man City took legal action against the Premier League regarding the APT rules currently in place at an arbitration hearing in June.
Both sides have claimed a victory in the case after the arbitration panel’s decision was published on 7 October, where two aspects of the rules were deemed to be unlawful.
The commission ruled that shareholder loans shouldn’t be excluded from the APT rules and the Premier League will now integrate the assessment of those loans into the regulations.
Arsenal owe Kroenke £259million – the third-highest total in the top flight behind Everton’s £451million and Brighton’s £373million.
