🚨 Premier League confirms Manchester City ruled guilty of every charge related to financial rule breaches across 9 seasons + majority of charges on #ManCity failure to co-operate with probe. Situation discussed w/ @JamesHorncastle@kvlmason@TheAthleticFC https://t.co/eqQJBGqzSu
"Do you apologise to football fans? The Premier League says 'sham' contracts, is this a 'sham' club?"
@RobHarris questions Man City chief executive Ferran Soriano after the club was found guilty of all charges related to Premier League's financial rules
https://t.co/3A2kYsOcCZ
It's just staggering reading.
- Inflating revenues and costs by more than £900m
- 'Sham contracts' and 'sham’ agreements'
- Committed 'multiple breaches of its duties of co-operation'
- Filed misstated accounts and concealed the true state of its finances
It just goes on and on and on..........
https://t.co/VpSYQOqsir
Man City received £949.94m in commercial income from Abu Dhabi sponsors between 2009-2018. Only £119.25m came from sponsors -- the remaining £830.69m were "Tagged Sums" paid by Abu Dhabi United Group (City's owners)
Man City guilty of ALL charges.
£900m is batshit crazy.
For context Everton got docked 8 points for £25 million.
The sanctions hearing will be an all-timer.
Manchester City were first informed that they had been found guilty of more than 100 breaches of the Premier League's financial rules in the summer.
Sources told ESPN club chiefs were initially made aware of the findings of the independent panel in July. It was followed by an aggressive approach in the summer transfer window, during which seven senior signings arrived at the Etihad Stadium at a cost of more than £450 million…
https://t.co/0fhHi2geUd
@RobDawsonESPN
Across the nine seasons they were accused of not providing accurate information, Manchester City spent £1.943billion on wages, over £100m more than any other English club. In 17 Abu Dhabi-controlled years to the end of 2024-25, their combined wage bill was £4.963bn.
At Manchester United and Chelsea, the next-highest combined bills in England, the figure is around £600m lower. It is a staggering difference.
Since 2009-10 (the first season the charges relate to), the Premier League has dished out more than £6bn in merit payments to 42 different clubs. City received £559.6m (9%).
They have played in the Champions League every year from 2011-12 onwards, achieving qualification in eight of the nine years the charges spanned.
Such qualification naturally means others missed out. On that particular measure, Tottenham Hotspur were worst hit, landing one spot outside of the Champions League on four occasions during that spell. Their Europa League earnings from those occasions totalled a combined £28.8million; City made £141m from the Champions League in the same seasons.
It is not just those fighting for titles or European spots who may feel they’ve missed out. What of the beaten cup finalists? What of the clubs who might have avoided relegation if City’s results were scrubbed out?
📝 @CWeatherspoon_
https://t.co/dn2EFw7AUp