Man City Accused of Violating Premier League Financial Regulations
Man City is facing allegations from the Premier League for violating numerous financial regulations from 2009 to 2018. During this time, the club underwent a transformation and became a dominant force in both English and European soccer after being acquired by the Abu Dhabi ruling family.
Why Premier League said about “Man City”?
The Premier League published a comprehensive statement outlining the accusations against City, after conducting a four-year investigation. These allegations cover the period in which the team claimed three Premier League championships in 2012, 2014, and 2018.
The reigning Premier League champions, Manchester City, are being accused of not submitting correct financial information that accurately depicts the club’s financial state from 2009 to 2018, and for failing to disclose complete details of the manager’s compensation in relevant contracts during Roberto Mancini’s tenure from 2009 to 2013.
Additionally, the club is facing accusations of non-compliance with UEFA regulations from 2013 to 2018, violation of Premier League profitability and sustainability rules from 2015 to 2018, and obstructing the league’s investigation from December 2018 to the present day.
What actions Premier League took against “Manchester City”?
The Premier League has taken action by referring the violations to an independent commission for a confidential hearing.
Should the allegations be proven true, the club could face severe consequences. The Premier League’s rulebook grants the disciplinary commission the authority to impose various penalties, as well as “other such punishment as deemed appropriate”.
It is likely that a substantial fine will be imposed if the charges are upheld. The league rules also state that other potential punishments include deducting points, nullifying a championship title, or even expulsion from the league.
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