Manchester City bombshell verdict finds club hid over £900m in secret funding
The Premier League has published damning details of the long-awaited verdict in the Manchester City case, which found the club cooked the books to the tune of nearly £1bn for almost a decade. An Independent Commission said that City used “sham” schemes to artificially inflate revenue and reduce costs by more than £900m during the [...]
The Manchester City club has been found guilty by an Independent Commission of hiding over £900 million in secret funding over a decade-long period from 2009 to 2018. The commission revealed that the club used "sham" schemes to artificially boost revenue and cut costs by more than £900 million during their successful era. City's chief executive, Richard Masters, stated that the decision confirms the facts of the case and vindicates the Premier League's pursuit of the matter.
The club has been charged with breaching Premier League rules, and a points deduction, fines, and transfer bans are among the potential punishments.
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