Manchester City accused of breaching Financial Fair Play for 10 years!
by LORENZO CIOTTI | VIEW 299
Manchester City have been referred to an independent Commission by the Premier League for alleged breaches of financial fair play rules, as announced by the FA itself. The team risks expulsion from the Premier League, among various possible sanctions.
Manchester City allegedly violated league rules which require accurate financial information to be provided in good faith, giving a true and fair view of the club's financial position. There are over 100 charges for financial crimes against Manchester City and could lead, if convicted, to the exclusion of the reigning champions from the Premier League.
City are accused of multiple infractions, from the failure to transparently disclose salary costs to non-compliance with Uefa fair play and the violation of profit and sustainability rules. According to the BBC, and the independent commission called to judge him will find him guilty, the club risks from a heavy fine to a penalty up to exclusion from the Premier League.
The second set of violations listed relates to the alleged violation of rules requiring a member club to include full details of the manager's remuneration in their relevant contracts with their manager" covering the 2009-10 to 2012-13 seasons inclusive.
The second set of alleged infringements also relate to requirements for a club to include full details of players' remuneration within the related contracts, covering the seasons 2010-11 to 2015-16 inclusive The third section concerns alleged breaches of Premier League rules requiring clubs to comply with UEFA's financial fair play rules, between 2013-14 and 2017 -18.
City were banned from UEFA competition for two years by European football's governing body for alleged breaches of its FFP regulations in February 2020, but the penalty was overturned by the Court of Arbitration for Sport in July that year.
The fourth set of alleged breaches concerns the Premier League's profitability and sustainability rules in the 2015-16 to 2017-18 seasons inclusive. Finally, the club is alleged to have breached league rules requiring member clubs to cooperate and assist the Premier League in its investigations, from December 2018 to the present.