Premier League confirms Man City guilty of all charges over financial breaches
The commission said City used sham sponsorship deals to inflate revenue by more than £900 million and would have breached spending limits by a wide margin.
- 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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The summer transfers of huge proportions of the Manchester City team, which spent more than 500 million euros, would have been made under the conditions in which the club was aware of its guilt for the 114 financial violations committed, ESPN announces, quoted by News.ro.
Over a period of nine years, Manchester City managed to unlock more than 900 million pounds through, among other things, sham contracts drawn up by sponsors, according to an independent commission.
Independent Commission has found Man City guilty of financial rule breaches, says Premier League; club to pursue all legal options - The Tribune
The Commission found that Manchester City failed to accurately report its finances under Premier League and UEFA regulations
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.
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