Premier League confirms Man City guilty of all charges over financial breaches
- An independent commission ruled Manchester City guilty of financial rule breaches across nine seasons yesterday, confirming the club used "sham" commercial deals to misstate accounts by more than £900 million.
- Following leaked emails in 2018, the Premier League initiated an investigation that led to over 100 charges in February 2023 alleging the club concealed its true financial state from auditors and regulators.
- "Project Longbow" allowed the club to record lower operating expenses by funneling Abu Dhabi United Group funds through "sham" contracts, while witnesses intentionally provided "false" testimony to the commission.
- Manchester City plans to appeal by Friday, October 2, claiming the opinion contains "clear material errors," while the commission prepares a separate hearing to determine sanctions.
- Potential sanctions range from fines to expulsion from the Premier League, while rival clubs contemplate compensation lawsuits for competitive harm caused by the club's conduct.
650 Articles
650 Articles
Man City guilty of almost all financial charges
MANCHESTER, England — Manchester City artificially inflated its revenue by more than $1 billion over nearly a decade, circumventing fair-play rules that restricted rival clubs and allowing it to pad its roster with some of soccer’s biggest stars, an investigatory…
The English club was found guilty of serious financial offences by an independent First League commission and now the sanction remains to be determined.
The Bakersfield Californian
Potential sanctions against Man City could range from fines to expulsion from the Premier League
Manchester City faces an uncertain future after the decorated English soccer club was found guilty of systematically breaking the Premier League's financial rules for nearly a decade.
Manchester City faces an uncertain future after the award-winning English club was found guilty of systematically violating the Premier League's financial rules for nearly a decade.
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