Man City charged with over 100 breaches of their financial rules

The Premier League alleges Manchester City broke several regulations dating back between 2009 and 2018 and the club could now face sanctions including a possible points deduction. Manchester City welcomes the decision to look impartially at the evidence that supports its position, in those violations that amounted to There are 100 violations, according to the English Daily Mail, including the conclusion of secret contracts that may threaten the club with expulsion from the league in the event of a conviction.
In an unprecedented series of allegations, the Premier League said the breaches referred to a requirement to provide “accurate financial information that gives a true and fair view of the club’s financial position” in particular its “revenue”, “sponsorship revenue” and “operating costs”. Manchester City announced their “surprise” at the Premier League’s statement and denied the charges. The club insisted there is “irrefutable evidence” to prove their innocence. The city has been referred to an independent commission, which will determine whether the club has broken Premier League rules. If the club is found guilty, the punishment could range from a points deduction to a possible exclusion from the Premier League. The club’s response read: “Manchester City FC is surprised by the issuing of these alleged breaches of the Premier League Rules, particularly given the extensive engagement and vast amount of detailed materials that the EPL has been provided with. “The club welcomes the review of this matter by an independent commission, to impartially consider the comprehensive body of irrefutable evidence that exists in support of its position. As such we look forward to this matter being put to rest once and for all.” The Premier League opened its investigation following the publication of a report by the German newspaper Der Spiegel that alleged the club had overstated its sponsorship income. The report claimed that Manchester City had inflated its income through their Abu Dhabi owners and had effectively doubled the contract of former manager Roberto Mancini, which was kept off the books. Mancini was in charge of City from 2009 to 2013 and the Premier League’s statement referred to the alleged breaking of rules "requiring a member club to include full details of manager remuneration in its relevant contracts with its manager" during that time.
Media leaks also revealed that the salaries of the Italian coach at the time, Robert Manchetti, actually increased through a secret contract with Al-Jazira Club in Abu Dhabi to train him for 4 days every year for 1.75 million pounds annually, while his basic salary with City amounted to 1.45 million. The leaks also alleged that City had breached the rules for youth players. According to the newspaper, Murray Rosen will head the committee that will investigate the violations, but it may take years to reach a decision, noting that a list of possible penalties threatens the club in the event of conviction, including the deduction of points from its balance in the league, or even expulsion from the competition altogether. , requesting rematches, or preventing players from registering.