Premier League accuses Man City of violating multiple financial regulations
The Premier League has accused Manchester City of breaking a number of financial regulations.
By ET Spotlight Special |
Agencies
The Premier League has accused Manchester City of many suspected financial rule violations and sent the matter to an independent panel. Despite being the defending champions, Man City is now ranked second in the rankings, five points behind Arsenal.
The alleged violations are said to have occurred between the 2009-10 season and the 2017-18 season.
The team is accused of breaking Premier League regulations that provide for the transmission of "correct financial information that gives a truthful and fair perspective of the club's financial status" in "the utmost good faith."
According to the league, precise financial data was needed for "income (including sponsorship money), its linked parties, and its running expenditures."
Regarding the seasons 2009–10 to 2012–13 inclusive, the second set of alleged violations is connected to the requirement that "a member club should include full details of manager salary in its applicable contracts with its manager."
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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.