Manchester City Charged With Breaking Financial Rules By Premier League
English Premier League has charged EPL reigning champions Manchester City with over 100 breaches of its financial rules following a four-year investigation.
It has referred the club to an independent commission over alleged rule breaches between 2009 and 2018.
It also accused the Citizens of not co-operating following the commencement of the investigation in December 2018.
Man City said they were “surprised” by the charges and are supported by a “body of irrefutable evidence”.
Some of the possible penalties by the commission is a fine, point’s deduction or expulsion from the Premier League.
“Manchester City is surprised by the issuing of these alleged breaches of the Premier League Rules, particularly given the extensive engagement and vast amount of detailed materials that the EPL has been provided with, The club welcomes the review of this matter by an independent commission, to impartially consider the comprehensive body of irrefutable evidence that exists in support of its position. As such we look forward to this matter being put to rest once and for all.” the club said in a statement.
In a statement, the Premier League said City breached rules requiring them to provide “accurate financial information that gives a true and fair view of the club’s financial position”.
This information covered club revenue, which includes sponsorship income and operating costs.
Further alleged breaches relate to rules requiring full details of manager remuneration – from the 2009-10 to 2012-13 seasons, when Roberto Mancini was in charge – and player remuneration between 2010-11 and 2015-16.
The Premier League said City breached rules related to Uefa regulations, including Financial Fair Play (FFP), from 2013-14 to 2017-18, as well as Premier League rules on profitability and sustainability from 2015-16 to 2017-18.
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