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Manchester City Found Guilty of Serious Financial Rule Breaches

Manchester City have been found guilty of serious breaches of the Premier League’s financial rules over nine seasons, following one … Read More The post Manchester City Found Guilty of Serious Financial Rule Breaches appeared first on ProPakistani .

Manchester City Found Guilty of Serious Financial Rule Breaches

Manchester City has been found guilty of serious breaches of the Premier League’s financial rules over a nine-year period, following a significant investigation into alleged breaches from the 2009-10 to 2017-18 seasons. The club was found guilty of using "sham" contracts that did not reflect the true nature of agreements with several commercial partners, allowing the club to report lower operating expenses and increase reported revenue.

Manchester City’s owners, Abu Dhabi United Group Investment & Development Ltd, reportedly provided part of the fees recorded in official agreements, while the remaining amounts were funded by the club. The investigation also identified arrangements funded by ADUG that allowed the club to report lower operating expenses, creating the appearance that the club was complying with financial regulations.

The final sanction for the breaches has not yet been decided, with Manchester City strongly rejecting the findings and stating they will appeal the decision.

Brief written by urgent.news from ProPakistani's own syndicated text. Machine-written — may contain errors; check the original before relying on it.

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