Manchester City charged by Premier League for financial breaches

 

 

Following a lengthy investigation, the Premier League has accused Manchester City of violating its financial regulations.

It has reported alleged violations from 2009 to 2018 to an independent commission and charged City with failing to cooperate with the investigation starting in December 2018.

The Premier League claimed in a statement that City had broken the rules by failing to present “accurate financial information that gives a true and fair view of the club’s financial position.”

This data included the club’s earnings, including sponsorship income 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 asserted that City violated both Premier League rules on profitability and sustainability from 2015–16 to 2017–18, as well as Uefa laws from 2013–14 to 2017–18, including Financial Fair Play (FFP).

 

After Uefa determined that City had engaged in “serious breaches” of FFP rules between 2012 and 2016, City had a two-year suspension from participating in European club tournaments overturned by the Court of Arbitration for Sport (Cas) in 2020.

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