The Premier League has been making headlines recently and it’s not for the reasons Manchester City fans were hoping. The long-running investigation into the club has concluded with the Premier League accusing City of breaking its financial rules between the 2009-10 and 2017-18 seasons.
In 2020, City had a two-year ban from European club competitions overturned by the Court of Arbitration for Sport (Cas). This was after Uefa ruled that City had committed “serious breaches” of Financial Fair Play (FFP) regulations between 2012 and 2016.
The Premier League has now referred the club to a commission over alleged further breaches. These breaches relate to rules requiring City to provide “accurate financial information that gives a true and fair view of the club’s financial position”. This includes the club’s revenue, including sponsorship revenue and operating costs.
The investigation also uncovered further breaches related to rules requiring full details of “manager remuneration”. These were related to the 2009-10 to 2012-13 seasons, when Roberto Mancini was in charge.
Despite the investigation, Manchester City still managed to achieve their sixth Premier League title since the 2008 takeover by the Abu Dhabi United Group.
The Premier League’s investigation into Manchester City’s alleged financial rule breaches is a complex and ongoing situation. It is yet to be seen what the outcome of the commission’s findings will be.
Source: www.bbc.com