The Premier League has referred Manchester City to an independent commission over more than 100 alleged breaches of finance rules since the club were acquired by the Abu Dhabi-based City Football Group. The referral came weeks before the expected publication of a government white paper set to recommend the establishment of an independent regulator in English soccer to deal with...
Soccer football — Champions League — Group G — Manchester City v FC Copenhagen — Etihad Stadium, Manchester, Britain on Oct 5, 2022. General view outside the stadium before the match.The Premier League has referred Manchester City to an independent commission over more than 100 alleged breaches of finance rules since the club were acquired by the Abu Dhabi-based City Football Group.
League rules state that charges such as those faced by City could, if proved, result in a club being expelled from the Premier League in the worst-case scenario.While it remains to be seen what sanctions the commission imposes on City, a stricter stance by the Premier League on club finances could deter potential investors in clubs like Manchester United, according to a sports finance lawyer.
City are alleged to have breached rules relating to the provision of accurate financial information, "in particular with respect to its revenue , its related parties and its operating costs", the league said. The charges stem from a Premier League investigation into City's financial dealings launched four years ago, after the release of a tranche of "Football Leaks" documents obtained by the German publication Der Spiegel.City were subsequently banned from the Champions League by European governing body UEFA for two years, but successfully appealed to the Court of Arbitration for Sport, which overturned the ban in 2020.
The club are also charged with failing to comply with Premier League's rules requiring clubs to follow UEFA's financial fair play regulations from 2013 to 2018 and failing to follow the Premier League's rules on profit and sustainability from 2015 to 2018.
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