Manchester City have been charged by the Premier League with numerous alleged breaches of financial rules this morning.
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”.
They are also alleged to 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 current Italy boss Roberto Mancini was the manager during that period
The club have also been charged by the Premier League over its alleged breach of Uefa regulations, having been found to have fallen foul of Club Licensing and FFP regulation in Europe.
“The members of the Commission will be appointed by the independent Chair of the Premier League Judicial Panel,” the Premier League said in a statement adding
“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.”
The maximum penalty the club could face is relegation from the Premier League.
The club have issued the following statement
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.
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.
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