Manchester City and the Premier League have settled out of court ahead of an October trial into Associated Party Transaction (APT) rules.
City had challenged the rules earlier this year and the case was due to go to court next month. But that will now not happen after a settlement was reached.
The ruling is not related to the 115 charges the Premier League brought against City for alleged financial wrongdoing.
In a statement, City said: “The Premier League and Manchester City FC have reached a settlement in relation to the arbitration commenced by the club earlier this year concerning the Premier League’s Associated Party Transaction (APT) Rules and as a result the parties have agreed to terminate the proceedings.
“This settlement brings an end to the dispute between the parties regarding the APT Rules. As part of the settlement, Manchester City accepts that the current APT Rules are valid and binding.
“It has been agreed that neither the Premier League nor the club will be making any further comment about the matter.”
The resolution concludes a prolonged dispute that had overshadowed proceedings for months, providing clarity and drawing a definitive line under one of the biggest sagas in Premier League history.
