Manchester City have reached a settlement with the Premier League in their Associated Party Transaction (APT) rules case.
City had challenged the rules earlier this year, and the case was set to go to court next month.
However, that will no longer happen after a settlement was reached out of court.
The ruling does not relate to the 115 charges the Premier League brought against City for alleged financial wrongdoing.
In a statement, City said: "The Premier League and Manchester City FC have reached a settlement in relation to the arbitration commenced by the club earlier this year concerning the Premier League’s Associated Party Transaction (APT) Rules and as a result the parties have agreed to terminate the proceedings.
"This settlement brings an end to the dispute between the parties regarding the APT Rules. As part of the settlement, Manchester City accepts that the current APT Rules are valid and binding.
"It has been agreed that neither the Premier League nor the club will be making any further comment about the matter."
Last November, the Premier League clubs voted by a margin of 16 to 4 to amend the rules on APT. Those rules assess whether deals between clubs and entities linked to their ownership represent fair market value.
More to follow...
This is a breaking sports story and is being constantly updated with the latest news, pictures and videos. Please refresh the page regularly.
You can also get email updates on the day’s biggest sports stories straight to your inbox by signing up for our sports newsletter.
Get all the very best sports news, pictures, opinion and video by following Daily Star every time you see our name.
Follow Daily Star on Google News - CLICK HERE and click the star
Follow Daily Star on Apple News - CLICK HERE available on Apple devices
Follow Daily Star on Flipboard - CLICK HERE and click follow
You can also sign up for Twitter alerts for breaking news by following @DailyStar_Sport and follow us @dailystar for all the latest updates.
Keep up-to-date with your must-see sports stories, features, videos and pictures throughout the day by following us on Facebook at Daily Star Football | London