Manchester City Found Guilty of Violating Financial Rules
English club Manchester City was found guilty on 114 out of 115 charges of alleged financial rule violations and faces severe penalties.
English Premier League club Manchester City was found guilty on 114 out of 115 charges during proceedings by an independent commission for violating financial rules between 2009 and 2018.
Details of the Financial Investigation
English club Manchester City faced a disciplinary investigation on the grounds of violating financial rules covering the period between 2009 and 2018.
Fake Contracts and Revenue Manipulation
Within the scope of the investigation, it was determined that the club used misleading documents in sponsorship agreements and understated its costs.
While it was determined that the total manipulated amount was 900 million pounds, it was ruled that the club made false statements to auditors.
Severe Penalties Faced
As a result of these rule violations, Manchester City faces penalties such as relegation to amateur leagues and having its past championship titles stripped.