Man City guilty of sham contracts and accounts
Premier League publishes commission report finding Manchester City guilty of financial rule breaches between 2009-10 and 2017-18 seasons.
Stock photo for illustration only, not from the actual event
- Manchester City found guilty of the majority of 115 financial rule breaches.
- Commission uncovered sham commercial deals disguised as funding worth £830.69m.
- The club denies all wrongdoing and has until October 2 to appeal.
The Premier League confirmed that Manchester City have been found guilty of all charges related to breaches of Premier League financial rules between the 2009-10 and 2017-18 seasons. Following news breaking last week, the Premier League published a redacted version of the commission's report on Tuesday.
The report found the club guilty of all charges except one relating to non-cooperation with the investigation. The sham commercial deals were described as part of a disguised funding scheme amounting to £830.69m, with the commission noting that the sponsorship agreements did not reflect their economic substance.
Premier League chief executive Richard Masters stated that the core decision establishes the facts of what happened at the club, detailing how rules were systematically broken for nearly a decade and vindicating the league's independent investigation process.
"The core decision establishes the facts of what happened at Manchester City during this period. It details how the club systematically broke Premier League Rules for nearly a decade."
Richard Masters
Stock photo for illustration only, not from the actual event
This landmark regulatory ruling marks a watershed moment for the Premier League's financial sustainability framework. Scrutinizing related-party transactions and sponsorship values highlights the governing body's intensified oversight to ensure competitive balance and financial fair play among elite clubs.
Manchester City issued a statement expressing disappointment and surprise at the commission's opinion, maintaining their innocence and stating they possess a comprehensive body of irrefutable evidence. The club intends to pursue appeal avenues before the deadline of Friday, October 2.
Source: BBC Sport
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