The Premier League has confirmed that an independent commission has found Manchester City guilty of all charges related to serious breaches of financial rules over a nine-season period.
The club was also found guilty of most charges related to failure to co-operate with the league’s investigation.
According to football transfer news expert Fabrizio Romano, the club can appeal the commission’s findings and has until Friday, October 2 to do so.
The Premier League Board intends to conclude the full process (including any appeals and publication of relevant decisions) as soon as possible.
The commission found that between Seasons 2009/10 and 2017/18 City arranged ‘sham’ contracts (which misrepresented the true agreement between the parties) with a number of its commercial partners, as well as relying on ‘sham’ agreements with others, to artificially inflate the club’s revenues and reduce its costs.
It said the club filed misstated accounts and concealed the true state of its finances from its auditors and football regulators.
City is said to have significantly breached both the Premier League’s and UEFA’s spending limits.
The Premier League’s investigation revealed that City committed multiple breaches of its duties of co-operation and utmost good faith towards the League (three of the four alleged breaches were upheld).
Discussion0