As Stefan says, yes it would. Unless the PL has evidence that we're not aware of, the related party question is potentially the only chink in our armour as far as the AD sponsorships are concerned. But it's a very, very small one.
And for the cynic in me, it's yet more corroboration that this isn't about the PL acting independently of its shareholders, nobly trying to ensure there is a level financial playing field in accordance with its rules and regulations. It's about our competitors trying to nail us in any small way they can.