Manchester City Found Guilty of Serious Financial Rule Breaches by Premier League
Club faces potential sanctions after independent panel rules against them on multiple charges, including 'sham' contracts.
Sports • an hour ago
The Premier League has confirmed that Manchester City has been found guilty of serious breaches of its financial rules and for failing to cooperate with the league's investigation.
The verdict, reached by an independent panel, concludes a hearing that finished in December 2024. The Premier League stated in a detailed announcement that the club arranged "sham contracts" with commercial partners to artificially inflate revenues and reduce costs. These contracts misrepresented the true agreements between the parties.
Daily Mail Sport had reported on Friday that City had been found guilty, a development that sent shockwaves through the football world and raised the possibility of severe penalties, including potential relegation.
Sources
- www.dailymail.com - Premier League CONFIRM Man City verdict: Club found guilty of most serious breaches of financial rules through 'sham' deals as part of £900m scheme - and they could now be RELEGATED
- www.dailymail.com - Premier League CONFIRM Man City verdict: Club found guilty of most serious breaches of financial rules through 'sham' deals as part of £900m scheme - and they could now be RELEGATED