A general view of Etihad Stadium, home of Manchester City, on September 14, 2022 in Manchester, United Kingdom. The Premier League has sent the club under investigation for alleged breaches of financial regulations.
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LONDON – The English Premier League announced on Monday that it has referred football club Manchester City to an independent commission over alleged breaches of its financial rules.
The organizing body of the top-level English men’s league said it included its rule that clubs must provide accurate financial information representing a “true and fair view of the club’s financial position”, particularly relating to revenue.
It was alleged to have been violated in each season from 2009–10 to 2017–18.
The Premier League also claimed that clubs failed in their duty to provide full details of manager remuneration during the 2009–10 to 2011–12 seasons, and from the 2010–11 season to the 2015–16 season.
It further alleged that the club had failed to co-operate or assist in the investigation of the case over the past four years; and had breached the Union of European Football Associations’ (UEFA) Club Licensing and Financial Fair Play Regulations between 2013 and 2018.
In a statement to the BBC, the club told the BBC: “Manchester City is shocked at the release of these alleged breaches of Premier League regulations, particularly given the extensive engagement and the vast amount of detailed material that [English Premier League] Has been provided.”
“The Club welcomes a review of this matter by an independent commission, to objectively consider the extensive body of irrefutable evidence that exists in support of its position. In this way we look forward to putting this matter to rest once and for all.” Looking forward to it.”
A commission will be held in private, with members appointed by the Chairman of the Premier League Judicial Panel.
Manchester City is owned through Sheikh Mansour bin Zayed Al Nahyan’s Abu Dhabi-registered firm Newton Investment & Development LLC, which is the majority shareholder in the holding company City Football Group.
In 2022, the club won the Premier League for the fourth time in the last five years.
A Manchester City spokesperson was not immediately available for comment when contacted by CNBC.
