Tom Murray, Managing Associate, has commented on the news that Manchester City have been charged with breaking the Premier League's financial rules.
Tom's comments were quoted in various media articles, including in the Financial Times, City AM and the i newspaper.
He explained: "Given that no Premier League club has ever been found to have breached the Premier League's financial fair play rules, this news is of historic significance.
It comes as the Premier League's own standing as a regulator is under the spotlight, given the impending announcement by the Government of the potential introduction of a statutory independent regulator. The Premier League will be keen to demonstrate that it is the best organisation to police its own rules and that an independent regulator is not needed.
If Manchester City are found to have breached the Premier League rules, they could face a menu of sanctions including a fine, a transfer embargo, a points deduction and technically expulsion from the league (although I doubt this is likely). Unless a resolution can be found swiftly, these proceedings could take a lengthy period of time to play out and therefore are unlikely to affect the 2022/23 title race."
Tom Murray, Simon Leaf and Neil Baylis, alongside Nick De Marco KC of Blackstone Chambers, recently co-authored a chapter on the issues of financial regulation and Financial Fair Play for the recently published second edition of Football and the Law.