Premier League confirms Man City guilty of all charges over financial breaches
- An independent commission found Manchester City guilty of all charges related to financial rule breaches between 2009 and 2018, confirming the club systematically violated Premier League regulations for nearly a decade.
- Disguised funding schemes and 'sham' commercial deals inflated revenue and reduced costs by more than £900 million, the commission found, allowing City to appear compliant with financial rules.
- The commission proved three of four charges regarding the club's failure to cooperate, citing 'concerted efforts to halt and derail the league's investigation' and a 'sham' arrangement with Fordham.
- Premier League chief Richard Masters called the decision 'the most important in the history of the Premier League,' emphasizing the ruling confirms systematic rule breaches over the decade.
- With sanctions yet to be decided, City has until Friday, October 2, to appeal the verdict, which confirmed reports British newspapers had published two days earlier.
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204 Articles
Manchester City was found guilty of all allegations of serious violations of the financial regulations of the UK championship, committed during the period between the 2009/2010 and 2017/2018 seasons, announced the English football league in a press release published on Tuesday. Article Manchester City, accused of fictitious financial transactions of almost a billion euros appears first in Romania TV.
Manchester City has been found guilty of systematically violating the league's financial rules, the Premier League has confirmed. For nine years, the top club maintained sham contracts to secretly inflate the club's value.
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<p>The AFL has officially found ManCity guilty of financial fraud, the decision on sanctions will be announced separately The Independent Commission has confirmed Manchester City's violation of financial rules for nine seasons. Sanctions will be announced separately.</p>
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