Soccer-Man City surprised after Premier League confirm findings of serious financial breaches

Soccer-Man City surprised after Premier League confirm findings of serious financial breaches

The Star Online - Sport·2026-09-30 08:00

Sept 29 (Reuters) - ⁠The Premier League announced on Tuesday ⁠that an independent commission had ‌found Manchester City guilty of all charges related to serious financial breaches between 2009 ​and 2018.

• Premier League say ⁠Manchester City used 'sham ⁠contracts' to artificially inflate revenue and ⁠reduce ‌costs during nine-year period, funded by Abu Dhabi United ⁠Group Investment & Development Ltd, which owned ​the club.

• ‌Sham contracts amounted to £900 million ($1.19 ⁠billion) variation ​in club accounts over nine-year period.

• Manchester City disappointed and surprised by 'opinion' ⁠of Premier League commission. ​Club say they will be 'relentless' in bid to prove innocence.

• Findings of independent ⁠commission are open to appeal, which City say they will now pursue. Appeal deadline is set for October ​2.

• Premier League ⁠say Manchester City systematically broke Premier ​League rules.

• Sanction will ‌be addressed separately by ​independent commission.($1 = 0.7569 pounds)

(Reporting by Ruairidh BarlowEditing by Christian Radnedge)

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