14 votes

Premier League statement: Manchester City FC

7 comments

  1. [3]
    aditya
    Link

    An independent Commission has found Manchester City FC guilty of all charges related to serious breaches of the Premier League’s financial rules over a nine-season period, and the majority of charges in relation to its failure to co-operate with the League’s investigation.

    The independent Commission found that between Seasons 2009/10 and 2017/18:

    • Manchester City arranged ‘sham’ contracts (which misrepresented the true agreement between the parties) with a number of its commercial partners, as well as relying on ‘sham’ agreements with others, to artificially inflate the club’s revenues and reduce its costs
    • The club filed misstated accounts and concealed the true state of its finances from its auditors and football regulators
    • Manchester City was significantly in breach of both the Premier League’s and UEFA’s spending limits
    • During the Premier League’s investigation, Manchester City committed multiple breaches of its duties of co-operation and utmost good faith towards the League (three of the four alleged breaches were upheld)
    4 votes
    1. Juan
      Link Parent
      Also because not stated here, the fraud is £900 million, kick them out of the league and strip them of every title they have won, light punishment otherwise

      Also because not stated here, the fraud is £900 million, kick them out of the league and strip them of every title they have won, light punishment otherwise

      2 votes
    2. Slystuff
      Link Parent
      From what I've seen being discussed around this, the premier league findings also open them up to tax fraud investigations by HMRC. So beyond the likely point deduction / relegation they may have...

      From what I've seen being discussed around this, the premier league findings also open them up to tax fraud investigations by HMRC. So beyond the likely point deduction / relegation they may have bigger problems.

      1 vote
  2. [2]
    Bullmaestro
    Link
    I fully expect little to come of this. The last time the book was thrown at seriously corrupt football officials on any level was due to FBI intervention in FIFA (what got several seniors arrested...

    I fully expect little to come of this. The last time the book was thrown at seriously corrupt football officials on any level was due to FBI intervention in FIFA (what got several seniors arrested and Sepp Blatter to resign)...

    They'll probably give Man City a points reduction, maybe at most a relegation where they'll shit all over the Championship harder than a German adult film star in a scheiße flick, then be in healthy contention for the next title in 2028-29.

    Plus i'm sure the UAE will pressure the English FA and British government into submission, because "how fucking dare you mess with one of our main international assets"...

    4 votes
    1. Hunterquill
      Link Parent
      Yeah I was thinking the same thing, at best a relegation and at worst a slap on the wrist and some sort of light fine.

      Yeah I was thinking the same thing, at best a relegation and at worst a slap on the wrist and some sort of light fine.

      2 votes
  3. [2]
    Hunterquill
    Link
    I didn't realize the allegations were for such a long time ago. Guess I'll have to wait for the Netflix documentary to see how this all came to light.

    I didn't realize the allegations were for such a long time ago. Guess I'll have to wait for the Netflix documentary to see how this all came to light.

    2 votes