Premier League confirms Man City guilty of all charges over financial breaches
The commission said the club used sham sponsorship deals and concealed finances, with more than 100 charges upheld and sanctions still to be तयined.
- 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.
361 Articles
361 Articles
How Manchester City's financial fraud was uncovered: Explained
An independent panel found Manchester City guilty on 114 of 115 Premier League charges after tracing owner money through sponsorship and image-rights arrangements. The findings intensify the threat of severe sanctions as the club denies wrongdoing and prepares an appeal.
A series of “fictional” agreements to disguise payments made to Manchester City by the Emirati owner of the club, according to researchers, reveals a maneuver to circumvent the rules of fair financial play of European football that is sophisticated and, in essence, as simple as it seems.
A four-letter word has been repeated in the Manchester City conviction for a number of times. What does it mean legally, and why does it reveal the nature of the irregularities that the club has been convicted of?
The Toronto Star
Investigators say a money trail ultimately exposed Manchester City’s financial schemes
MANCHESTER, England (AP) — A series of “sham” deals to disguise payments made to Manchester City by the club's Emirati owner, according to investigators, reveal a ploy to circumvent European
Investigators say a money trail ultimately exposed Manchester City
MANCHESTER, England (AP) — A series of “sham” deals to disguise payments made to Manchester City by the club’s Emirati owner, according to investigators, reveal a ploy to circumvent European soccer’s financial fair-play rules that is both
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