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Home Breaking News

Man City charged over several alleged breaches of financial rules

DigestWire member by DigestWire member
February 6, 2023
in Breaking News, UK News, World
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Man City charged over several alleged breaches of financial rules
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Manchester City have been charged by the Premier League with several alleged breaches of financial rules.

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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.

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 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.

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