Premier League accuses Manchester City of breaching financial rules

CNN
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The English Premier League has accused Manchester City of financial information breaches and referred the club to an independent commission, according to a statement on Monday.

City are accused of failing to provide accurate financial information under Premier League rules from the 2009-10 season until the 2017-18 campaign.

“The members of the Commission will be appointed by the Independent Chairman of the Premier League Judicial Panel,” the Premier League statement said, adding that the proceedings will be “confidential and heard in private”.

The Premier League also alleges that City failed to comply with UEFA’s Financial Fair Play (FFP) rules from the 2013-14 to 2017-18 seasons and failed to follow Premier League rules on profit and sustainability from 2015-16 to 2017-18. seasons.

City were acquired by The Abu Dhabi United Group in 2008, and since then the club have won six Premier League titles, two FA Cups and six EFL Cups, as well as runners-up in the Champions League in 2021.

This success has been achieved through building an all-star team made up of some of the best players in the world.

In a statement on Monday, the club said: “Manchester City FC are surprised by the publication of these alleged breaches of Premier League rules, particularly given the extensive undertaking and the large amount of detailed documentation provided. at EPL.

“The Club welcomes the review of this case by an independent commission, in order to impartially examine the full body of compelling evidence that exists to support its position.

“As such, we look forward to seeing this matter resolved once and for all.”

In 2020, City were banned from European football competitions for two seasons for “serious breaches” of club licensing and FFP regulations.

The ban was later overturned by the Court of Arbitration for Sport (CAS), although the body ruled that City had failed to cooperate with UEFA authorities and an initial fine of 30 million euros (34 million) was reduced to 10 million ($11.3 million).