PREMIER LEAGUE

SECTION A: DEFINITIONS AND INTERPRETATION
A.1.56.
A.1.57.
A.1.58.
A.1.59.
Subject to Rule A.1.57 “Director” means any person occupying the position of director of a
Club whose particulars are registered or registrable under the provisions of section 162 of the
Act and includes a shadow director, that is to say, a person in accordance with whose
directions or instructions the directors of the Club are accustomed to act, or a Person having
Control over the Club, or a Person exercising the powers that are usually associated with the
powers of a director of a company;
For the purposes of Rules H.1 to H.9:
(a) a person shall be excluded from the definition of Director set out in Rule A.1.56 if (and
only if):
(i) he falls within the said definition of Director solely because Rule A.1.51(b) applies to
him; and
(ii) his aggregate interest (of the kind set out in Rule A.1.51(b)) in the Shares conferring
voting rights exercisable at general meetings of the Club is less than 50%; and
(b) the Official referred to in Rule J.1.1 shall be included in that definition.
“Disclosure” has the meaning set out in Rule S.1.9
“Earnings Before Tax” means profit or loss after depreciation and interest but before tax, as
shown in the Annual Accounts.
A.1.60. “Events of Insolvency” means the events set out in Rule E.29
A.1.61.
A.1.62.
“the Extranet” means the secure online area maintained by the League for the purpose of
the communication of information between the League and Clubs;
“Facility Fees Fund” means the fund established out of UK Broadcasting Money and
distributed in accordance with Rule D.18.3;
A.1.63. “the Faculty” has the meaning set out in Rule O.9
A.1.64.
A.1.65.
A.1.66.
A.1.67.
A.1.68.
“F.A. Cup” means the Football Association Challenge Cup competition;
“Fair Market Value” means the amount for which an asset could be sold, licensed or
exchanged, a liability settled, or a service provided, between knowledgeable, willing parties
in an arm’s length transaction.
“Fellow Subsidiary Undertaking” has the meaning set out in section 1161(4) of the Act;
“FIFA” means the Federation Internationale de Football Association;
“Financial Institution” means any entity which is incorporated in, or formed under the law
of any part of the United Kingdom, and which has permission under Part 4a of the Financial
Services and Markets Act 2000 to carry on the regulated activity of accepting deposits
(within the meaning of section 22 of that Act, taken with Schedule 2 and any order under
section 22) but such definition shall not include:
(a) a building society (within the meaning of section 119 of the Building Societies Act 1986);
or
(b) a credit union (within the meaning of section 31 of the Credit Unions Act 1979).
PREMIER LEAGUE RULES: SECTION A
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