The Premier League announced Monday morning that Manchester City had been penalized by the league for breaking financial rules over the last nine seasons. With the conclusion of a four-year investigation, the Premier League confirmed that a number of alleged breaches occurred between the 2009-10 and 2017-18 seasons and will be examined by an independent commission.
A privately held commission meeting will take place, and the panel will have the power to impose open-ended sanctions such as fines, points deductions or even relegation from the Premier League body.
In addition to breaching over 100 Premier League rules, City has also been accused of failing to cooperate with the investigation and failing to provide accurate financial information that gives a true and fair view of the club’s financial position, according to league officials.
As the league explains in a statement, the accurate financial information required related to revenue, its related parties, and its operating costs.
Following the shocking charges, Man City released a statement saying they were shocked by the decision, according to the English base club 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.”
Several sources close to City claim that they were not notified before the Premier League statement on Monday and that it was rushed out ahead of the expected publication of a white paper on football governance later this month.
According to club sources, they would also have won the appeal against the European competition ban regardless of the time limit on evidence, and they remain confident that the independent commission will not find them guilty.
In the past, City has said that the Premier League investigation is based on “the illegal hacking of club emails and the out-of-context publication of those emails.”
Learn more from the report below: