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Man City charged by PL for several alleged violations of financial rules

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Man City charged by PL for several alleged violations of financial rules

 

Man City charged by PL for several alleged violations of financial rules

 

Manchester City has been charged by the Premier League with several alleged violations of financial rules. The case has been forwarded to an impartial panel by the Premier League;  The Cityzens say they are “surprised by the issuing of these alleged breaches”, adding they “welcome the review of this matter”

 

Manchester City says they are “surprised” to have been charged by the Premier League [PL] with several alleged violations of financial rules.

 

The alleged violations are said to have occurred between the 2009–10 season and the 2017–18 season.

 

Manchester City is alleged to have violated 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”.

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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.

 

Between December 2009 and May 2013, Roberto Mancini, the current manager of Italy, managed the club.

 

The second set of alleged violations likewise pertains to the clubs’ obligations to include complete information on player compensation in the applicable contracts for the seasons 2010–11 to 2015–16, inclusive.

The third section covers alleged violations of Premier League regulations requiring clubs to adhere to UEFA financial fair play criteria from 2013–2014 to 2017–18.

The Premier League’s profitability and sustainability criteria from seasons 2015–16 to 2017–18 are included in the fourth set of suspected violations.

Finally, the club is accused of breaking league rules demanding that, starting in December 2018, member clubs cooperate with and support the Premier League’s investigations.

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

 

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 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.

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“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.”

 

As well as expressing their surprise at the charges, Man City also claimed to 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,” read the statement.

 

“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.”