The Premier League has warned its clubs it will be "taking the necessary time" to decide how to respond to the verdict in the landmark legal case with Manchester City over the rules governing commercial deals.

Manchester City and the Premier League are embroiled in a legal dispute over Associated Party Transaction rules. Both parties are likely to lose in the end. The outcome could affect sponsorship deals and financial regulations within the league.

Manchester City have gone to the mattresses with the Premier League and depending on who you ask, it could mean everything or nothing. A three-strong tribunal panel of former judges ruled that City were unsuccessful in much of their legal case against the Premier League’s commercial and sponsorship rules,