When is Premier League meeting? Arsenal, Chelsea and Tottenham involved in crunch talks

A Premier League meeting is being held on Thursday
-Credit: (Image: Getty Images)

Clubs including Arsenal, Chelsea and Tottenham will gather today for their first meeting since details of a legal challenge by Manchester City against the Premier League.

The annual general meeting, which will be held at a hotel near Harrogate, North Yorkshire, is taking place at a tense juncture with between 10 and 12 clubs reported to be supporting the Premier League in defending itself against City. It comes after The Times reported they have launched a legal battle on Tuesday.

City are said to hope to end the Premier League's Associated Party Transaction (APT) regulations, which they claim are unlawful and were approved by rival clubs in an attempt to stifle their success. The regulations were implemented in the wake of the Saudi-led Newcastle takeover in October 2021.

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An arbitration is set to begin on Monday. A successful challenge from City would effectively give clubs allowance to set up commercial deals free from independent oversight of their true value. The outcome of the case could drastically change the outlook on the professional game.

According to PA, clubs will be asked at the AGM to agree to trial new financial regulations in shadow form next season, following criticism of the current Financial Fair Play and Profit and Sustainability rules. One part of that new measure is called anchoring, which if fully introduced, would see a salary cap coming in.

Under the anchoring proposal, clubs would be limited to spending a multiple of the television and prize money earned by the bottom side in the Premier League. The measure is designed to safeguard competitive balance in the Premier League in the future, should a gap open up.

City were one of three clubs, along with Manchester United and Aston Villa, who voted against plans to progress with a legal and economic analysis of anchoring back in April.