The Premier League has charged Manchester City with more than 100 breaches of its financial rules following a four-year investigation.
This is the biggest scandal to rock the English footballing world in recent years and has led to a number of questions being raised about the integrity of the league. The charges include alleged attempts to mislead UEFA by disguising costs associated with player transfers, as well as potential breaches of Financial Fair Play regulations.
Manchester City have denied any wrongdoing and are appealing against the charges, but if found guilty they could face a hefty fine and potentially even expulsion from European competitions. This case could have far-reaching implications for the future of football in England and beyond.
What are the charges?
The club had failed to provide accurate financial information that would give a true and fair view of their financial situation. This covers club revenue, which includes income from sponsorship and operating costs. This has resulted in a two-year ban from European football for the club and substantial fines. This case highlights the importance of maintaining accurate financial records and adhering to regulations set out by governing bodies such as the Premier League.
How will this affect the team?
Back in 2020 Uefa ruled that Manchester City committed “serious breaches” of FFP regulations between 2012 and 2016.
However, the two-year ban from European competitions was later overturned by the Court of Arbitration for Sport.
Uefa began the investigation after German newspaper Der Spiegel published leaked documents in November 2018 alleging the club had inflated the value of a sponsorship deal. The proceedings of the commission will be confidential and heard in private.
When the investigation began, City described the allegations as “entirely false” and that Der Spiegel’s information came from “illegal hacking and out of context publication of City emails”.
Likely to drag on
With the overturned Uefa ruling, the team haven’t been hit with any tangible punishments such as lost points or disqualification from any competitions. However they are likely to experience severe and ongoing financial strain due to extended legal costs.