Manchester City Premier League charges: What do they mean?
Since being bought by the UAE in 2008, Manchester City have become one of the world's most successful football clubs. A raft of serious financial charges threatens to undermine this and bring chaos to the Premier League.
Manchester City, one of England's most successful clubs, has been charged with over 100 breaches of the Premier League's financial regulations. The independent commission found that City had created fake contracts, relied on dubious sponsorships, and used various methods to artificially inflate their revenues and reduce their costs.
This inflated their revenue by approximately £900 million between 2009-10 and 2017-18. City denies any wrongdoing and plans to appeal the findings, stating that the report contains "clear material errors." The club's owners, the Abu Dhabi United Group, have faced criticism for their nation state ownership, human rights record, and potential involvement in "sportswashing."
The Premier League's chief executive described the case as the most significant in Premier League history.
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Also reported by 4 other outlets
- FOUL PLAY: Manchester City’s ‘sham’ deals leave Premier League in uncharted territory dailymaverick.co.za
- ‘Forget relegation…’- New York Knicks star Josh Hart wants Manchester City to ‘burn’ sports.yahoo.com
- Manchester City could be forced to pay Premier League up to £50m in legal costs theguardian.com
- Manchester City Premier League charges: What do they mean? dw.com
