Manchester City found guilty on all Premier League financial rule charges
An independent commission announced on Tuesday that Manchester City was found guilty of breaching financial rules over a nine-year period.
Sham contracts and inflated revenues
The club admitted to arranging fake commercial agreements to boost income by more than $1bn. Officials also stated that the organization filed inaccurate accounts to conceal its true financial state.
Club response and appeal plans
Chief executive Ferran Soriano described the investigation as a conspiracy theory involving the league. The team intends to file an appeal by Friday based on alleged errors in law and fact.
Sanctions hearing timeline
The upcoming sanctions hearing will be presided over by the same independent commission that issued the verdict. Proceedings are expected to conclude as quickly as possible for all parties involved.
All 2 outlets report consistently
No differences in figures, names or dates across these reports.
- The Guardian
- Middle East Eye
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2 independent outlets. Headlines as published. Links open the original report.