Premier League confirms Man City guilty of serious financial breaches
According to Premier League rules, the sanctions could vary from a points deduction, a fine or even expulsion from the division.
Former Manchester City defender Micah Richards expressed his devastation after reading the Premier League's guilty verdict against the club for financial misconduct. An independent commission found that City had arranged sham contracts with commercial partners to hide secret funding of over £830m during the 2009-10 to 2017-18 seasons.
The league confirmed that City had breached financial rules and failed to cooperate with the investigation. All but one of the charges related to failure to cooperate were found guilty. Richards, who was part of the City's title-winning squad in 2011-12, said that hearing the reports was "absolutely devastating." He added: "I was at that club since I was 14 years old, and I would die for that club.
I achieved my dream at Manchester City." Richards also mentioned that the uncertainty around the club's fate was heart-wrenching, especially for a long-term supporter and a former player. The club has until October 2 to appeal the decision.
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- Manchester City Found Guilty of Premier League Financial Breaches kahawatungu.com
- Man City guilty of using 'sham' deals to distort finances, Premier League says thejakartapost.com
- Richards 'devastated' by Man City guilty verdicts sports.yahoo.com
- Richards devastated by Man City guilty verdicts bbc.co.uk
- Pep Guardiola issues first response after Man City found guilty of Premier League charges news.sky.com
- Man City guilty of using ‘sham’ deals to distort finances, Premier League says freemalaysiatoday.com
- Premier League confirms Man City guilty of serious financial breaches citizen.co.za
