Premier League confirms Man City guilty of all charges over financial breaches
- An independent commission found Manchester City guilty of all charges related to financial rule breaches between 2009 and 2018, confirming the club systematically violated Premier League regulations for nearly a decade.
- Disguised funding schemes and 'sham' commercial deals inflated revenue and reduced costs by more than £900 million, the commission found, allowing City to appear compliant with financial rules.
- The commission proved three of four charges regarding the club's failure to cooperate, citing 'concerted efforts to halt and derail the league's investigation' and a 'sham' arrangement with Fordham.
- Premier League chief Richard Masters called the decision 'the most important in the history of the Premier League,' emphasizing the ruling confirms systematic rule breaches over the decade.
- With sanctions yet to be decided, City has until Friday, October 2, to appeal the verdict, which confirmed reports British newspapers had published two days earlier.
154 Articles
154 Articles
Premier League confirms Man City guilty of serious financial breaches
City were found to have arranged sham contracts with a number of commercial partners to artificially inflate the club's revenues and reduce costs, concealing the true state of their finances and avoiding breaches of Premier League and UEFA spending limits as a result. An independent commission also found the club guilty on the majority of charges in relation to their failure to co-operate with the league's investigation. No sanction has yet been…
On Tuesday, the Premier League announced that an independent commission had convicted the club of having "systematicly violated" the Premier League's financial regulations for nearly ten years.
The Premier League has found Manchester City guilty of all charges related to serious breaches of the league's financial rules.
Manchester City cheated for over 900 million pounds from 2009 to 2018, writes the Premier League.
It is one of the biggest scandals in the history of English football. Manchester City is found guilty of violations of financial rules. Now the club is facing severe penalties.
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