Business & Economy
Manchester City guilty over Premier League charges after £900m of ‘sham’ contracts
Source: Business | The Guardian · Published
Commission: club broke rules over nine-season period City will appeal against verdict before Friday deadline Manchester City breached Premier League financial rules by creating “sham” contracts to help inflate revenue and reduce costs by more than £900m over a nine-year period, a
Commission: club broke rules over nine-season period City will appeal against verdict before Friday deadline Manchester City breached Premier League financial rules by creating “sham” contracts to help inflate revenue and reduce costs by more than £900m over a nine-year period, an independent commission found. The league announced on Tuesday that City had been found guilty on all charges related to serious breaches of its financial rules between seasons 2009-10 and 2017-18. It said a sanction would be addressed in a further hearing with the commission.
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