Premier League charges Manchester City of violating financial regulations

After a four-year inquiry, the Premier League has penalized Manchester City with more than 100 financial rule violations.

Between 2009 and 2018, it has reported the club to a separate body for alleged rule violations.

Additionally, it charged City with failing to cooperate ever since the investigation’s opening in December 2018.

City stated that they were “surprised” by the allegations and that they are backed by “a body of indisputable evidence.”

From a fine and point penalty to expulsion from the Premier League, the commission has the power to punish.

“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 said in a statement. “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.”

After being acquired by the Abu Dhabi United Group in 2008, City won the Premier League for the sixth time last season.

The Premier League claimed in a statement that City had broken the rules by failing to present “correct financial information that gives a truthful and fair perspective of the club’s financial status.”

This data was about the club’s revenue, which included included sponsorship revenue and running expenses.

Additional alleged violations concern regulations requiring full disclosure of manager compensation from Roberto Mancini’s tenure as manager from 2009–10 to 2012–13 and player compensation from 2010–11 to 2015–16.

The Premier League claimed that from 2013–14 to 2017–18, City violated both Premier League rules on sustainability and profitability as well as Uefa laws, particularly Financial Fair Play (FFP).