Premier League financial rule vote to go ahead despite Aston Villa call
The Premier League will proceed with a vote over changes to financial rules - despite calls for a postponement from Aston Villa and Man City.
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League officials have been consulting with clubs for over a month on changes to its rules surrounding associated party transactions.
It comes after an arbitration panel found aspects of the rules to be unlawful.
Clubs will vote on the changes at a league meeting in London on Friday, despite Man City and then Villa wanting a postponement.
According to reports, Villa joined the call and criticised the way the row over APTs has played out in public.
Villa have also argued that the changes to the APT weaken the league's leadership, club executives and the Premier League as an organisation.
So what are the changes?
The biggest change being proposed is to make the rate of interest on shareholder loans subject to a fair market value test.
The change in the rule will not require fair market value interest charges to be backdated to the time the loan was issued.
However, it has been reported that the change means interest rates would be applied an an existing loan in the future after a grace period, and not just for new loans.
In the grace period, owners and shareholders who have put in loans will have the chance to convert them into equity.
