Manchester City has been charged with breaking financial fair play rules by the Premier League. The charges relate to nine years between 2009 and 2018, during which City won the Premier League three times.
The charges relate to several alleged breaches of the Premier League’s financial fair play rules. These rules are designed to ensure that clubs spend no more than they earn.
Man City is accused of not providing accurate financial information and not complying with UEFA’s financial fair play rules over the past the past five years. It is also alleged that City still needs to fully disclose the financial remunerations made to one of its managers over four years.
There may have been a secret contract in place so that the manager was receiving more money than was officially stated. The Premier League has presented the case to an independent commission to investigate further.
The Premier League’s financial fair play policies are designed to ensure clubs spend what they earn.
The Premier League has also accused Manchester City of not fully cooperating with their investigation. It is a serious matter for City, and the potential punishments are severe.
A point deduction is possible, although t only be applied in a future season if the club was found guilty in future seasons. Being expelled from the Premier League is an extreme punishment, although this is very unlikely.
The charges come at a difficult time for Manchester City, with the club currently second in the Premier League table, five points behind Arsenal.
The allegations have placed a cloud over the club’s season, with the possibility of a points deduction hanging over them.
It remains to be seen what the consequences will be for Manchester City, but one thing is sure this issue could significantly impact the club’s future.