A Different Kind of December: Christmas on the Beach

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  Christmas on the Shore: A Holiday Wrapped in Sunlight There’s something quietly rebellious about spending Christmas on the beach. While the rest of the world pulls on wool sweaters, warms their hands around mugs of spiced cider, and braces for winter’s bite, you’re standing barefoot in warm sand, with the sun painting everything in gold. The ocean murmurs in the background like an easygoing caroler who only knows one verse but hums it proudly. Christmas ornaments sparkle in palm trees instead of pines. And the only frost you’ll see is the faint mist on the rim of a cold drink pulled from an ice chest. For many people, Christmas is tied tightly to a sense of tradition. Snow. Fireplaces. Cozy nights. A sense of retreat from the cold. I grew up with that version, too. But the first time I celebrated Christmas on the beach, everything I thought I knew about the holiday rearranged itself. It didn’t ruin my childhood nostalgia. It didn’t replace it. Instead, it carved out a warm, sun...
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Premier League, Manchester City end months-long dispute over commercial deals

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 Manchester City and the Premier League have resolved their disagreement regarding the rules that govern commercial deals. 

City has acknowledged that the current rules for 'associated party transactions' are “valid and binding.” 

The club initiated arbitration proceedings on January 20 against the existing rules, which aim to ensure that transactions between teams and related entities are conducted at fair market value. 

City's challenge reportedly included criticism of how the Premier League addressed shareholder loans under these rules. 

Both the league and City have agreed to refrain from making further comments on the situation. 

The associated party transaction rules were originally implemented in December 2021, following the Saudi-led acquisition of Newcastle earlier that year. 

Last year, City successfully contested those rules, with a tribunal finding them unlawful on various grounds, including their exclusion of shareholder loans from fair market value evaluations. 

This prompted the Premier League to consult with clubs on revising the rules, resulting in 16 clubs voting in favor of the amendments at a meeting last November. 


City’s agreement that the revised rules are valid and binding seems to resolve an issue that could have significantly affected the league had the rules been substantially weakened. 

In the absence of associated party transaction rules, entities connected to club owners could potentially inflate sponsorships and other commercial deals to enhance a club’s revenue, thereby strengthening its position regarding the league’s profitability and sustainability regulations and allowing for increased spending on transfer fees and player salaries. 

An evaluation of shareholder loans for fair market value was included in the associated party transaction rules last November, but this evaluation does not apply retroactively, only to ongoing and future loans. 

City and the Premier League are still awaiting the findings of an independent commission hearing that is investigating over 100 charges against the club for alleged violations of the league’s financial regulations, which City denies. 

This hearing occurred between September and December last year, following the Premier League's charges against City in February 2023.

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