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<p style="display: none;">Article continues below</p><p style="display: none;">Article continues below</p><p style="display: none;">Article continues below</p><script type="application/json" data-placement="fcplayer-semantic">{"type":"fcplayer-semantic","data":{"embedCode":"//cdn.fcp.codes/embed-code-template/embed-code-template.js#SEMANTIC_5704afb8-c10b-4ba5-9cb4-d7fb6098ef90"}}</script><ul><li>Man City engaged in legal battle with PL</li><li>Verdict could impact domestic rivals but especially Arsenal</li><li>PL meeting to be held next week</li></ul><table><tbody><tr><td><a href="https://www.whatsapp.com/channel/0029Va2ivxLJJhzdzbJdwo0n"><strong>Follow GOAL on WhatsApp!</strong></a> 🟢📱</td></tr></tbody></table>

Arsenal to be 'most impacted' by Man City's legal challenge against Premier League as new rivalry takes shape

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<p>The legal battle stems from an independent commission’s ruling that the Premier League’s decision to exclude interest-free shareholder loans from associated party <a href="https://www.goal.com/en/lists/man-city-war-premier-league-leaked-email-19-other-clubs-statement/blt0241dd970bc28584" target="_blank">transaction (APT) rules was unlawful.</a> This ruling affects how clubs calculate their Profitability and Sustainability Regulations (PSR), which could have major financial consequences for clubs that rely heavily on such loans.</p>

WHAT HAPPENED?

<p>Clubs like Arsenal, Chelsea, and Liverpool have taken on <a href="https://www.goal.com/en/lists/premier-league-clubs-emergency-meeting-discuss-man-city-claim-victory-over-top-flight-legal-case/blt90b84f9835d2fb75" target="_blank">significant shareholder loans</a> in recent years. Arsenal, in particular, have £258 million in shareholder loans, making them one of the clubs most vulnerable to the ruling. These loans currently account for £62.5m in Arsenal’s PSR calculations. Should the ruling stand, clubs like Arsenal might be forced to<a href="https://www.goal.com/en/lists/how-man-city-claimed-landmark-victory-over-premier-league-tussle-sponsorship-rules-explained/bltaeb66a9d32a0b4c4" target="_blank"> apply commercial interest rates</a> to these loans, making them much more expensive and potentially causing financial strain.</p>

THE BIGGER PICTURE

<p>According to an interview by football finance expert Kieran Maguire to<em> </em><a href="https://www.standard.co.uk/sport/football/arsenal-fc-man-city-legal-challenge-b1186640.html" target="_blank"><em>Standard Sport</em></a><em>: </em>"Arsenal would be the most significantly impacted London club. Chelsea would be slightly impacted. Tottenham not at all - they had borrowed money from ENIC historically, but there is none outstanding at present. I think the big issue for all clubs is realistically the Premier League can only push the ATP rules through if loans are brought into the equation."</p>

WHAT KIERAN MAGUIRE SAID

<p>Chelsea, under the ownership of Todd Boehly and Clearlake Capital, took on £146m in shareholder loans during their first year in charge, while Liverpool have £137m in shareholder loans. Everton lead the Premier League with £451m in shareholder loans, followed by Brighton with £373m, putting them at greater financial risk if commercial interest rates are imposed. Other Premier League clubs with notable shareholder loans include Brentford (£61m) and Crystal Palace (£38m), though their exposure is significantly lower than that of the top three.</p>

DID YOU KNOW?

<p>The Premier League has confirmed that any new commercial interest rates will only apply to loans provided after the changes to the rules are made official. However, City are expected to challenge this aspect, likely extending the <a href="https://www.goal.com/en-gb/lists/man-city-war-premier-league-leaked-email-19-other-clubs-statement/blt0241dd970bc28584" target="_blank">legal battle</a>. Moreover, the Premier League is set to hold an emergency meeting next week, which could turn into a contentious showdown among the clubs as the line has been clearly drawn between the two camps. To amend the rules regarding APT and shareholder loans, the Premier League needs at least 14 clubs to vote in favour of the change. Given the high stakes, clubs are expected to fiercely debate their positions, with financial implications hanging in the balance.</p>

WHAT NEXT?

Arsenal to be 'most impacted' by Man City's legal challenge against Premier League as new rivalry takes shape | Goal.com India

Arsenal could suffer a major blow as they are expected to be &quot;most impacted&quot; by Manchester City&apos;s legal challenge against the Premier League.

Arsenal to be &apos;most impacted&apos; by Man City&apos;s legal challenge against Premier League as new rivalry takes shape