Manchester City guilty over Premier League charges after £900m of ‘sham’ contracts
Commission: club broke rules over nine-season period
TL;DR
- Manchester City found guilty of all charges related to serious breaches of Premier League financial rules (2009-10 to 2017-18).
- Allegations include creating 'sham' contracts to inflate revenue and reduce costs by over £900m.
- The funding was allegedly disguised, with part of sponsor fees covered by the Abu Dhabi United Group.
- City denies wrongdoing, calling the decision based on a 'Premier League conspiracy theory' and plans to appeal.
- The commission also found City guilty of failing to cooperate with investigations.
- Potential sanctions include title stripping, financial penalties, and points deductions.
- The Premier League chief executive called the case 'the most significant' in its history.