Manchester City Found Guilty Over £830.69 Million Sham Funding Scheme, Appeals 100-Plus Rule Breaches
Updated
Updated · bbc.co.uk · Sep 29
Manchester City Found Guilty Over £830.69 Million Sham Funding Scheme, Appeals 100-Plus Rule Breaches
3 articles · Updated · bbc.co.uk · Sep 29
Summary
£830.69 million in disguised funding sat at the heart of the ruling, with an independent commission saying Manchester City used sham commercial agreements to inflate revenue and cut costs from 2009-10 to 2017-18.
The redacted report said the case covered well over 100 alleged breaches across four charge categories, and found City guilty on all charges except one tied to non-cooperation with the Premier League investigation.
The commission said the conduct was deliberate or reckless and helped City avoid what would otherwise have been the Premier League's biggest single-season loss in 2009-10.
Richard Masters said the decision showed City systematically broke rules for nearly a decade, while City called the opinion unsafe, cited material errors of law and fact, and said it would pursue appeals.
Sanctions have not yet been set, leaving open penalties ranging from fines and points deductions to more severe sporting punishments as the process continues.