Premier League confirm that an independent Commission has found Manchester City ππππππ ππ πππ πππππππ related to serious breaches of the Premier Leagueβs financial rules over a nine-season period β and the majority of charges in relation to its failure to co-operate with the Premier League investigation.
The club has the right to appeal the independent Commissionβs findings and has until Friday 2 October to exercise that right.
The Premier League Boardβs intention is that the full process (including any appeals and publication of relevant decisions) be concluded as soon as possible.
The independent commission found that between Seasons 2009/10 and 2017/18 Manchester City did the following
– City arranged βshamβ contracts (which misrepresented the true agreement between the parties) with a number of its commercial partners, as well as relying on βshamβ agreements with others, to artificially inflate the clubβs revenues and reduce its costs.
– The club filed misstated accounts and concealed the true state of its finances from its auditors and football regulators.
– Manchester City was significantly in breach of both the Premier Leagueβs and UEFAβs spending limits.
– During the Premier Leagueβs investigation, Manchester City committed multiple breaches of its duties of co-operation and utmost good faith towards the League (three of the four alleged breaches were upheld).
