The Premier League has officially confirmed that Manchester City is guilty of all charges concerning breaches of financial regulations spanning from the 2009-10 season through to 2017-18.
An independent Commission determined that the club utilized “sham contracts” with various commercial partners during this period. The findings indicated that the club relied on these fraudulent agreements to artificially boost revenues and reduce costs.
Additionally, the Commission ruled that Manchester City was responsible for the majority of charges regarding a lack of cooperation, although specific details on this count were not disclosed.
The verdict follows an extensive investigation into the club’s financial dealings over nearly a decade, marking a significant legal development for one of England’s most prominent football clubs.
Skepticism here. An independent commission ruling after nearly a decade? Seems like politics as usual in English football.
What does this mean for their trophies? Are they being stripped of titles from that decade?
Sham contracts? That seems blatant. I always wondered how their finances looked so good on paper back then.
This is huge. The Premier League confirmed all charges, which means the sanctions will be severe for the club.