BreakingJuventus is rebuilding its goalkeeping department1/10
SportWorld

Manchester City may face new financial charges

Manchester City are reported to be facing new financial charges covering the period after 2018. The club was found guilty in September of breaching Premier League financial rules and has appealed the decision.

Manchester City may face new financial charges
Photo: FourFourTwo

It has been reported that Manchester City may face new charges relating to its financial records from after 2018. In September, an independent commission found the club guilty of all charges of breaching Premier League financial rules between the 2009/10 and 2017/18 seasons. Premier League Executive Chairman Richard Masters had said that this case and its verdict were the most significant in the league's history. The club has appealed the decision and is awaiting the outcome. According to The Independent, English football executives are pushing for further investigations.

Journalist Miguel Delaney believes that stripping City of its league titles now looks unlikely. The club has been charged with inflating sponsorship income by almost one billion pounds over a nine-year period. The club won Premier League titles in 2012, 2014 and 2018 during this period. The investigation began after emails published by Der Spiegel in November 2018.

A source quoted by Delaney asks, "What changed overnight?" This question implies that the rules continued to be broken after 2018. According to the report, there is a prevailing view among executives that commercial deals made after 2018 will be subject to related party rules and will be treated as already assessed on the basis of fair market value.

Related

All

Comments (0)

Be the first to comment.

Log in to comment.