Man City Charged With Finance Rule Breaches
Manchester City have been charged by the Premier League over numerous breaches of financial rules.
The reigning champions have been charged following a four-year investigation into sponsors and contracts.
A statement from the league said alleged breaches were committed across nine different seasons beginning in September of 2009-10 to 2017-18 and will now be referred to an independent commission.
Should Man City be found guilty, they face a range of potential sanctions including a points deduction.
Between the dates mentioned, Man City won three Premier League titles, an FA Cup and three Carabao Cups.
Back in February 2020, the club were banned from the Champions League and fined £25million after they were found to have seriously misled European footballing governing body UEFA and broken financial fair play rules.
This was then lifted by the court of arbitration for sport which also reduced the club’s fine to £9m.
The panel at the time said City had shown a ‘disregard’ for the principle that clubs must cooperate with a governing body’s investigations, and conducted an ‘obstruction of the investigations’.
However, on the central finding by the CFCB’s adjudicatory chamber that City’s Abu Dhabi ownership had disguised its own funding as independent sponsorship by the state’s commercial companies, the CAS found: ‘Most of the alleged breaches were either not established or time-barred.’
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Wahala