JUST IN: Man City charged by Premier League for breaching financial rules

06 Feb, 2023 - 13:02 0 Views
JUST IN: Man City charged by Premier League for breaching financial rules The alleged breaches span a period from the 2009-10 season to the 2017-18 campaign

The ManicaPost

 

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

 

The charges relate to financial information regarding revenue, details of manager and player remuneration, UEFA regulations, profitability and sustainability and co-operation with Premier League investigations.

 

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

 

The alleged breaches span a period from the 2009-10 season to the 2017-18 campaign.

 

City, the reigning Premier League champions, 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.

 

The club’s manager between December 2009 and May 2013 was current Italy boss 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.

 

City were banned from UEFA competitions for two years by European football’s governing body for alleged breaches of its FFP regulations in February 2020.

 

The sanction was overturned by the Court of Arbitration for Sport in July of the same year.

 

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

 

Finally, the club are alleged to have breached league rules requiring member clubs to co-operate with and assist the Premier League with its investigations, from December 2018 to date. – Skysport.

 

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