Manchester City Charged With Years of Financial Violations

NYT SPORT: Manchester City Charged With Years of Financial Violations
By Tariq Panja
Section: Sports
Source: New York Times

The Premier League accused City of breaking rules related to revenues, sponsorships and contracts. One potential penalty is expulsion from the league.

The Premier League on Monday charged its reigning champion, Manchester City, with engaging in years of financial rules violations in its pursuit of trophies, accusations that could result in the most severe punishments in league history — including the prospect that City, one of the most dominant soccer teams in Europe over the past decade, could be ejected from England’s top division.
The Premier League’s list of charges, outlined in a news release dotted with legalese and dry references to specific rules and bylaws, was remarkable in its scale. Manchester City is accused of more than 100 violations, including failing to provide accurate financial information “that gives a true and fair view of the club’s financial position”; not disclosing contractual payments to managers and players; and failing, as required, to cooperate with Premier League investigators.
The charges have been referred to an independent commission and will be heard in a confidential hearing, the Premier League said. League officials declined to comment further on the statement or on the case against City. The team currently sits second in the league table. No date has been set for the hearing.

Published Date: February 6, 2023 at 02:00AM

Read More at: https://www.nytimes.com/2023/02/06/sports/soccer/manchester-city-premier-league-financial-charges.html

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