PREMIER LEAGUE

PREMIER LEAGUE RULES: SECTION H
CLUBS: FINANCE AND GOVERNANCE
SECTION H: DIRECTORS’ REPORTS
Material Transactions Old Rule
H.1. For the purposes of a Report Material Transactions shall comprise any payment
or financial obligation (or any series of connected payments or financial obligations
relating to the same transaction) made or undertaken by or to or in favour of a
Club and recorded in its accounting and administration records which exceeds (or
in the case of more than one payment or financial obligation in the aggregate
exceed) in value £25,000 and which is (or are) in respect of any of the following:
H.1.1. Compensation Fees, Contingent Sums or Loan Fees; or
H.1.2. remuneration of Players (including, for this purpose, any benefits they are
entitled to receive); or
H.1.3. payments to or for the benefit of Agents; or
H.1.4. Third Party Payments;
and remuneration of and payments to or for the benefit of Players or Agents shall
in each case include payments made by or on behalf of a Club to or for the benefit
of a Player or Agent (as the case may be) including, for this purpose, to any
company or trust in which the Player or Agent (as the case may be) has an interest.
Record of Material Transactions Old Rule
H.2. Brief particulars of each Material Transaction sufficient to identify its date(s), its
amount(s) and the nature of it shall be recorded by a Club and the record shall be
made available on demand to its Directors, its Auditors and the League.
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H.3. Directors of a Club (including non-executive Directors) shall take such steps as
are reasonably necessary to satisfy themselves that their Club’s record of
Material Transactions is complete and correct.
Preparation of the Report Old Rule
H.4. At the end of each of its accounting periods the Directors of each Club shall
prepare or cause to be prepared a Report.
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H.5. Subject to Rule H.6 below, upon a Report having been prepared it shall be signed
and dated by each of the Directors of the Club.
H.6. Any such Director who for any reason is unwilling to sign the Report shall note the
Report to that effect, giving full reasons.
H.7. Any Director signing a Report who knows or ought reasonably to know that it or
any part of it is false or misleading in any way and any Director noting a Report
knowing that such note or the reasons given by him are false or misleading in any
way will in either case act in breach of these Rules and will be liable to be dealt
with in accordance with the provisions of Rules W.1 to W.79 (Disciplinary).
H.8. Managers, Players and Officials shall cooperate fully with the Directors and
Auditors of their Club in the preparation of Reports and Auditors’ Reports.
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