💣Bombshell: Premier League confirms City's guilt

💣Bombshell: Premier League confirms City's guilt The Premier League has confirmed that an independent commission found Manchester City FC guilty of serious breaches of the Premier League’s financial rules over nine seasons, from 2009/10 to 2017/18, as well as most of the charges related to failing to cooperate. A web of sham contracts and accounting concealment The ruling states that the club orchestrated sham sponsorship contracts to artificially inflate its revenue and cut its costs by more than £900 million. Through schemes secretly funded by Abu Dhabi United Group, City submitted falsified accounts to its auditors and regulators, flagrantly breaching Premier League spending limits and UEFA Financial Fair Play rules. In addition, the commission concluded that the club made concerted efforts to frustrate and disrupt the investigation. A historic ruling and possible sanctions to come Richard Masters, chief executive of the Premier League, described the decision as the most significant in the competition’s history. Although guilt has been established, the final sanctions — which could include points deductions, financial fines, or more severe sporting penalties — will be determined at a later private hearing. Manchester City has until Friday, October 2 to file its appeal. This article was translated into English by Artificial Intelligence. You can read the original version in 🇪🇸 here.