Man City guilty of serious financial breaches, face possible expulsion
MANCHESTER: Manchester City face severe sanctions after being found guilty of serious breaches of the Premier League’s financial rules over a nine-season period.
Manchester City have been found guilty of serious breaches of Premier League financial rules over a nine-season period, from 2009 to 2018. The Abu Dhabi-backed club arranged sham contracts with commercial partners to artificially inflate revenues and reduce costs by more than £900 million. This inflated their reported income and understated liabilities, allowing them to avoid Premier League and UEFA spending limits.
The independent commission also found City to be uncooperative during the investigation. The club is considering appealing the decision, which could lead to severe sanctions including expulsion from the Premier League. Premier League chief executive Richard Masters emphasized the significance of the ruling, stating it is the most substantial disciplinary case in the league's history.
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