Premier League confirms Man City guilty of all charges over financial breaches
The commission said the club inflated revenues by more than £900 million and concealed finances from regulators during a nine-season scheme.
- 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.
117 Articles
117 Articles
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.
Man City guilty of ‘sham’ contracts and almost £1billion in financial breaches
Manchester City have been found guilty of engaging in a scheme to inflate revenues and reduce costs by almost £1billion over a nine-season period by an independent commission. The commission found City guilty on all counts of breaching financial rules between 2009-10 and 2017-18, finding they used ‘sham’ commercial deals to disguise owner funding and arrangements to lower operating costs such as coach and player wages. Premier League chief execu…
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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