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<strong>PREMIER</strong> <strong>LEAGUE</strong> RULES: SECTION G<br />

CLUBS: FINANCE AND GOVERNANCE<br />

SECTION G: DISCLOSURE OF OWNERSHIP<br />

Disclosure of Ownership Old Rule<br />

G.1. A Club shall forthwith give notice in Form 5 to the Secretary if any Person either<br />

directly or indirectly:<br />

G.1.1. holds; or<br />

G.1.2. acquires; or<br />

G.1.3. having held or acquired, ceases to hold any Significant Interest in the Club.<br />

V.11<br />

G.2. A notice given pursuant to the provisions of Rule G.1 shall:<br />

G.2.1. identify the Person holding, acquiring or ceasing to hold the Significant<br />

Interest in question; and<br />

G.2.2. set out all relevant details of the Significant Interest including without limitation<br />

the number of Shares, their description and the nature of the interest; and<br />

G.2.3. set out where appropriate the proportion (expressed in percentage terms)<br />

which the relevant Shares in respect of which the Significant Interest exists<br />

bear to the total number of Shares of that class in issue and of the total<br />

issued Shares of the Club.<br />

G.3. Each Club shall publish the identities of the ultimate owner of each Significant<br />

Interest in the Club.<br />

G.4. The Secretary shall maintain a register which shall include the particulars set out<br />

in Rule G.2 and the said register shall be available for inspection by any Club by<br />

prior appointment.<br />

G.5. Each Club shall forthwith give notice in writing to the Secretary if any Person<br />

identified in a notice given in accordance with Rule G.1.1 or Rule G.1.2 either directly<br />

or indirectly holds acquires or ceases to hold any Holding in the Club.<br />

G.6. The Board shall have power to suspend a Club if either directly or indirectly a<br />

Person acquires a Significant Interest in that Club while such Person either directly<br />

or indirectly holds any Holding in any class of Shares of another Club.<br />

G.7. At the discretion of the Board, a suspension may take effect forthwith or it may<br />

be postponed subject to such conditions as the Board may think fit to impose.<br />

G.8. Unless a suspension is postponed, a suspended Club shall not play in:<br />

G.8.1. any League Match; or<br />

G.8.2. any Premier Reserve League Match or any successor competition thereto; or<br />

G.8.3. any Premier Academy League Match or any successor competition thereto; or<br />

G.8.4. any of the competitions set out in Rules L.10 and L.11; or<br />

G.8.5. any other match.<br />

G.9. For the purposes of the League competition, the Board shall have power to determine<br />

how the cancellation of a League Match caused by the suspension of one of the Clubs<br />

which should have participated in it shall be treated.<br />

G.10. The Board shall have power to remove a Club’s suspension imposed under Rule I.2<br />

upon being satisfied that the circumstances giving rise to it are no longer extant.<br />

116<br />

V.12<br />

V.13<br />

V.14<br />

V.15<br />

V.16<br />

V.17<br />

V.18<br />

V.19<br />

V.19<br />

V.20

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