Manchester City Charged With Dozens of Financial Violations
The Premier League on Monday accused Manchester City of years of financial rules violations, setting the stage for an expensive and high-stakes fight that could see City, one of the most dominant soccer teams in Europe over the past decade, ejected from England’s top league.
The charges, outlined in a statement released by the Premier League on Monday morning and unprecedented in their scale, accuse City of repeatedly failing to provide accurate financial information “that gives a true and fair view of the club’s financial position, in particular with respect to its revenue (including sponsorship revenue), its related parties and its operating costs.”
City, which has won six Premier League championships since 2011, was also accused of not disclosing contractual payments to managers and players and of failing, as required, to cooperate with Premier League investigators.
The Premier League said the rules violations had been referred to an independent commission and would be heard in a confidential hearing, according to league rules. League officials declined to comment further on the statement, or the case against City.
