Manchester City's legal challenge against the Premier League over its Associated Party Transactions rules (APT) has concluded with both sides claiming victory. Is there really a winner? And what does the outcome mean?

Manchester City claimed a partial victory over the Premier League on Monday after an arbitration panel ruled on sponsorship deals, known as Associated Party Transactions (APT), that the Abu Dhabi-owned club was blocked from completing.

Manchester City have been accused by rivals of trying to run the Premier League themselves after they dismissed the league’s view on the verdict from the major tribunal between the two – and advised clubs to contact them rather than the league executive.