An independent commission has just been appointed to study a potential breach of Premier League financial rules by Manchester City over the period 2009-2018.
The Premier League suspects the Citizens of having circumvented the financial regulations of the Premier League for nine seasons, which exposes the club to heavy sanctions according to the English press. City did not in good faith provide the “accurate financial information giving a true and fair view of the financial position of the club”, “in particular with respect to its revenues, operating costs and related parties”. A potential breach of the rules requiring a club to include full details of the manager’s remuneration will also be investigated by this independent committee. Manchester City would have committed more than 100 breaches of the English League’s financial regulations during this same period.
club statement
— Manchester City (@ManCity) February 6, 2023
The Skyblues response
The English champion was quick to react to this announcement. “Manchester City FC are surprised by the publication of these alleged breaches of Premier League rules, particularly given the extensive commitment and the large amount of detailed documentation provided to the EPL. The Club welcomes the examination of this matter by an independent commission, in order to impartially examine the full body of irrefutable evidence that exists in support of its position. As such, we look forward to seeing this matter resolved once and for all.” can we read in a press release.
A track record for City
Initially excluded from European competitions for two seasons for not respecting UEFA’s financial fair play rules, the English club finally won the battle before the Court of Arbitration for Sport in July 2020. In the midst of a storm, Pep Guardiola’s players will now have to stay focused on the sporting side. Manchester City remains on a defeat (0-1) on the ground of Tottenham.
the club’s cash response after heavy accusations 24hfootnews.
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