City charged over alleged financial rule breaches
Manchester City have been charged and referred to an independent commission by the Premier League over alleged breaches of its financial rules.
A Premier League statement said: “In accordance with Rule W.82.1, the Premier League confirms that it has today referred a number of alleged breaches of the Premier League Rules by Manchester City Football Club to a Commission under Premier League Rule W.3.4.”
The alleged breaches span a period from the 2009-10 season to the 2017-18 campaign. The club are alleged to have breached league rules requiring provision “in utmost good faith” of “accurate financial information that gives a true and fair view of the club’s financial position”.
The league says the accurate financial information required related to “revenue (including sponsorship revenue), its related parties and its operating costs.”
The second set of breaches listed refers to alleged breaking of rules “requiring a member club to include full details of manager remuneration in its relevant contracts with its manager,” related to seasons 2009-10 to 2012-13 inclusive. —theguardian.com
