Man City found guilty of 114 financial violations
Sanctions against the club have not yet been determined, Manchester City plan to appeal
Manchester City were found guilty of violating the financial rules of the English Premier League. It is reported by The Athletic (sports department of The New York Times).
The club was found guilty of 114 of the 115 charges, sources told the publication on condition of anonymity (because they were not authorized to make public statements).
Penalties have not yet been determined - any options are being considered - and Manchester City are expected to appeal.
“The process is ongoing, important stages remain to be completed and the proceedings remain strictly confidential. Manchester City’s position remains unchanged and in line with the club’s statement of February 2023. For eight years, the club has faithfully complied with established procedures, assuming that the management and executive bodies of the Premier League will act as an independent, impartial and fair regulator, free from biased influence.
The Premier League in early 2023 reported that as a result of an investigation launched in 2018, it found more than a hundred violations at the club, after it was bought by City Football Group in 2008. The league’s claims relate to inaccurate financial information, non-cooperation with the investigation, incomplete disclosure of coaches’ remuneration in 2009-2013, when the team was headed by Roberto Mancini, and non-compliance with fair play rules and financial sustainability in 2013-2018. Manchester City denied all the allegations.
In August 2024, the New York Times wrote that Manchester City could lose 70-80 points, which guarantees relegation from the Premier League.
