Chief sports reporter for The Times Martyn Ziegler reports, Manchester City have been charged by the Premier League “with numerous breaches of financial rules following a four-year investigation”.
A range of sanctions are possible including a points deduction if the breaches are proved.
The club are alleged to have not provided accurate financial information, “in particular with respect to its revenue (including sponsorship revenue), its related parties and its operating costs”, as reported by The Athletic.
The Premier League side also allegedly did not fully disclose managerial remuneration for a four-year period.
Premier League statement following the investigation: “In accordance with Premier League Rule W.82.1, the Premier League confirms that it has today referred a number of alleged breaches of the Premier League Rules by Manchester City Football Club (Club) to a Commission under Premier League Rule W.3.4.
“Commissions are independent of the Premier League and member clubs.
“The members of the commission will be appointed by the independent Chair of the Premier League Judicial Panel, in accordance with Premier League Rules W.19, W.20 and W.26.
“The proceedings before the Commission will, in accordance with Premier League Rule W.82, be confidential and heard in private. Under Premier League Rule W.82.2, the Commission’s final award will be published on the Premier League’s website.”
The Premier League has referred the series of alleged breaches of financial rules by Manchester City to an independent commission.
Mark Marston | Get Football
