EPL: Man City found guilty of 114 financial charges, faces sanctions
Manchester City have been found guilty of 114 of 115 financial charges brought by the Premier League, according to a report by The Athletic. Read More: https://punchng.com/epl-man-city-found-guilty-of-114-financial-charges-faces-sanctions/
The Premier League has found Manchester City guilty of 114 financial charges out of 115 allegations, according to The Athletic. The verdict came from an independent commission following a four-year investigation into the club's finances between 2009 and 2018. City were found guilty on 114 charges while one was dismissed. The Premier League initiated the case in February 2023 after a four-year probe into alleged breaches of its financial regulations.
The charges covered nine seasons and included allegations of inaccurate financial reporting and improper financial dealings. City has consistently denied the accusations and maintains that no rules were broken. A spokesperson for the club stated that the Premier League process is ongoing with significant elements yet to be completed, and that the club is in line with its February 2023 statement, emphasizing the independent, impartial, and fair-minded nature of the regulatory body.
The club is expected to appeal the commission's decision, although the specific sanctions they may face are yet to be determined as they will be decided separately and possibly influenced by the outcome of any appeal.
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