PREMIER LEAGUE

SECTION D: THE LEAGUE – FINANCE
Assignments of Central Funds Old Rule
D.32. If a Club or a Relegated Club proposes to charge, assign or otherwise grant security
over all or part of its entitlement to future distributions of Central Funds, it shall:
D.32.1. disclose to the League the proposed documentation with the lender
giving effect to such charge, assignment or other grant of security;
D.32.2. not enter into the said proposed documentation without the prior
written consent of the League (not to be unreasonably withheld); and
D.32.3. procure that it and its lender enter into an agreement with the League
whereby the lender will confirm that:
D.32.3.1. it understands that the Club’s entitlement to future distributions
of Central Funds is subject to the provisions of the Articles and
these Rules and in particular (without prejudice to the generality
of the foregoing) to Rules E.21, E.30 and E.24; and
D.32.3.2. the Club has disclosed to it the Club’s current and future liabilities
to other Clubs (and clubs) and the League will confirm that such
disclosure accords with its records of such liabilities.
D.33. Rule D.32 shall not apply to any assignment, charge or other grant of security by
a Club of its future entitlement to Central Funds as part of a fixed and floating
charge over the entirety of its assets and undertaking on usual commercial terms.
C.55
C.56
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PREMIER LEAGUE RULES: SECTION D