Premier League clubs have agreed to rule changes to one of the competition’s key regulations relating to financial fairness following a legal challenge brought by Manchester City. Following a vote by the 20 top clubs, shareholder loans will now be subject to fair market value. Previously, these loans could be offered at lower or even zero interest rates. The league said in a statement that the rules provide a “robust mechanism to safeguard the financial stability, integrity and competitive balance” of the world’s most popular soccer league.

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