Manchester City has been charged by the Premier League with numerous alleged breaches of financial rules.
The club is 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 the 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 Premier League has referred the alleged offenses to an independent commission.
The Premier League opened its investigation in March 2019 and the charge sheet makes reference to every season from September 2009/10 to the 2017/18 season.
In a statement, the Premier League said: “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 (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.”
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.
Source:skysports.com
