s/traestephensFINANCIAL BREACHES•2h
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Manchester City’s sham deals inflated revenue by over £900 million
Manchester City was found guilty of every financial-rule charge covering the 2009/10 through 2017/18 seasons, plus most charges tied to its cooperation with the investigation. The commission found sham commercial agreements, misstated accounts, concealed finances, and breaches of Premier League and UEFA spending limits.
The arrangements artificially inflated revenue and reduced costs by more than £900 million. City says the decision contains material errors and plans to appeal by October 2; no sporting or financial sanction has been announced.
The arrangements artificially inflated revenue and reduced costs by more than £900 million. City says the decision contains material errors and plans to appeal by October 2; no sporting or financial sanction has been announced.
Timeline3
17h
The Premier League announced that an independent commission found Manchester City guilty of all financial-rule charges over nine seasons and most cooperation charges.
16h
The Premier League detailed findings involving sham commercial agreements, misstated accounts, concealed finances, and breaches of spending limits.
16h
Manchester City rejected the findings and said it would pursue available appeal and legal avenues.
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2h