Premier League: Manchester City charged with more than 100 alleged breaches of financial rules
A four-year investigation into Manchester City has ended with charges that could jeopardize its place in the Premier League, JOSHUA JONES reports.
Manchester City could be banned from the Premier League after being accused of more than 100 suspected financial rule breaches.
Other potential penalties include a point deduction for the reigning champions, transfer bans, spending limits and even stripping of previous titles – although the situation is unprecedented.
The investigations into the machinations of the club have been going on for four years.
And now the Premier League have published their results on their website – and it’s not good reading for the Etihad club, despite being charged but not found guilty at the time.
The charges relate to breaches of regulations in nine seasons between 2009 and 2018, with investigations beginning in December 2018.
This was prompted after the publication of leaked documents by German website Der Spiegel – with the investigation focusing on three specific areas.
The first alleged problem is that “underage players have been pressured into signing deals with City through cash payments.”
Second, that Abu Dhabi’s sponsors “only provided part of their payments to the club” while owner Sheikh Mansour turned up the rest, again overstating sponsorship revenues.
After all, ex-boss Roberto Mancini received a “significant part” of the severance payment from a “fictitious consultancy contract” when he left the club in 2013.
Uefa have handed City a two-year ban and fined the club £25million over alleged Financial Fair Play breaches.
However, in 2020 this was overturned and the final fine reduced to £9million by the Court of Arbitration for Sport.
Now the results of the investigation and several alleged violations have been forwarded to a commission.
The Premier League also allege that City failed to comply with Uefa’s club licensing and financial fair play regulations in 2013-14 and between 2014-15 and 2017-18.
Another breach involves Prem’s profit and sustainability rules in 2015-16, 2016-17 and 2017-18.
The Premier League also accused City of failing to cooperate and assist in the investigation.
As the club did with the Uefa complaint in 2020, the Etihad side are likely to set up a significant legal team of experienced lawyers to fight their case.
City won the title three times during the study period – 2011-12, 2013-14 and 2017-18.
They have also finished first in the table three times since – 2018-19, 2020-21 and 2021-22.
https://www.codesports.com.au/football/english-premier-league/premier-league-manchester-city-charged-with-more-than-100-alleged-breaches-of-financial-rules/news-story/f1e0eff88433b383d6e3c63744d8efcc?nk=933dbc64b43ca47541d488488e71aa0f-1675687028 Premier League: Manchester City charged with more than 100 alleged breaches of financial rules