Premier League charges Man City for breaching financial rules

Manchester City have been charged by the Premier League with numerous alleged breaches of financial rules.

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 Premier League, in a statement issued on Monday, said 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.

The club’s manager between December 2009 and May 2013 was the current Italy coach, Roberto Mancini.

The second set of alleged breaches also refers to requirements for a club to include full details of player remuneration within the relevant contracts, for the seasons 2010-11 to 2015-16 inclusive.

The third section deals with alleged breaches of Premier League rules requiring clubs to comply with UEFA financial fair play regulations, between 2013-14 to 2017-18.

In 2020, Man City had a two-year ban from European football overturned by the Court of Arbitration for Sport (CAS), after being handed a suspension by UEFA’s club financial control body (CFCB) in February 2020 for “serious breaches” of club licensing and financial fair play regulations.

The fourth set of alleged breaches relates to the Premier League’s profitability and sustainability rules in seasons 2015-16 to 2017-18 inclusive.

Also, the club are alleged to have breached league rules requiring member clubs to cooperate with and assist the Premier League with its investigations, from December 2018 to date.

The Premier League – which opened its investigation in March 2019 – has referred the alleged offences to an independent commission.

The Premier League stated: “In accordance with Premier League rule W.82.1, the Premier League confirms that it has today (February 6, 2023) 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.

“Commissions are independent of the Premier League and member clubs. The members of the commission will be appointed by the independent chair of the Premier League judicial panel, in accordance with Premier League rules W.19, W.20, and W.26.

“The proceedings before the commission will, in accordance with Premier League rule W.82, be confidential and heard in private. Under Premier League rule W.82.2, the commission’s final award will be published on the Premier League’s website.

“This confirmation is made in accordance with Premier League rule W.82.1. The Premier League will be making no further comment in respect of this matter until further notice,” the statement read.

Expressing surprise at the charges, Man City said they have provided “extensive engagement” and a “vast amount of detailed materials” to the Premier League’s investigation.

“Manchester City FC is surprised by the issuing of these alleged breaches of the Premier League rules, particularly given the extensive engagement and vast amount of detailed materials that the EPL has been provided with.

“The club welcomes the review of this matter by an independent commission, to impartially consider the comprehensive body of irrefutable evidence that exists in support of its position.

“As such, we look forward to this matter being put to rest once and for all,” the club stated.

The Star