Manchester City announced in an official statement published on its website that it has reached a settlement with the Premier League regarding the legal dispute related to regulations on transactions with related parties, which the club initiated earlier this year.

The statement indicated that both parties agreed to end the ongoing arbitration proceedings after reaching a solution that satisfies both sides. Under this settlement, Manchester City acknowledged that the current regulations on transactions with related parties are valid and binding.

The statement confirmed that this settlement puts a final end to this legal dispute between the two parties, noting that no further comments will be issued by the club or the Premier League on this matter in the future.

This announcement is an important step towards stabilizing the relationship between Manchester City and the league, especially in light of the commitment to the laws and regulations governing local competitions.