Manchester City Found Guilty of Premier League Financial Breaches
The Premier League has confirmed that an independent Commission has found Manchester City guilty of all charges related to serious breaches of the Premier League’s financial rules over a nine-season period, and the majority of charges in relation to its failure to cooperate with the League’s investigation. The club has the right to appeal the [...] The post Manchester City Found Guilty of Premier…
The Premier League has announced that an independent Commission has ruled Manchester City guilty of multiple financial breaches over a nine-season period from 2009/10 to 2017/18. According to the Commission, the club engaged in "sham" contracts with commercial partners and relied on sham agreements to falsely boost its revenues while reducing costs.
Manchester City also filed inaccurate accounts and concealed its true financial situation from auditors and regulators. The club was found to have consistently breached both the Premier League's and UEFA's spending limits during the investigation. Three out of four alleged breaches of Manchester City's duty to cooperate with the League's investigation were upheld.
The club retains the right to appeal the Commission's findings, with a deadline of October 2 to do so.
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