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Manchester City have claimed a legal victory over the Premier League in a long-running battle over financial rules – with conflicting interpretations of its significance.

In a case brought by City, an independent panel has determined that Associated Party Transaction (APT) rules are void and unenforceable.

It is believed this ruling could be seismic on a number of levels and open the door for legal action, however the Premier League insists that would hinge on the panel's findings over the new APT rules.

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