Man City release statement after being found guilty of all charges related to Premier League’s financial rules

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Manchester City has finally broken its silence after being found guilty all of its charges related to the Premier League’s financial rules.

Yesterday, the Premier League released a formal statement confirming that an independent Commission had found Manchester City guilty of all charges related to serious breaches of the Premier League’s financial rules over a nine-season period.

On top of that, the club was also found guilty of the majority of charges in relation to its failure to co-operate with the League’s investigation.

According to the Premier League, the independent Commission found that Manchester City had arranged so-called ‘sham’ commercial deals with a number of its sponsors during the nine-season period – which were part of a disguised funding scheme, with those sponsors only required to pay a portion of the relevant sponsorship fees.

The remainder was then funded by Abu Dhabi United Group Investment & Development Ltd (ADUG), which owned the club.

The Commission also concluded, as quoted by the Premier League, that the club had ‘made concerted efforts to stop and frustrate the Premier League investigation’.

Following this report being published yesterday, Manchester City has now finally released a statement of its own, breaking its silence on the topic for the first time since the news broke last Friday.

The statement reads in full: “Manchester City FC is both disappointed and surprised by the opinion of the Premier League Commission, that has been published today.

“The Club is innocent of the accusations made by the Premier League and a comprehensive body of irrefutable evidence exists in support of all of its positions, relating to this case. The Club will therefore be relentless, and where necessary proactive, in any and all appropriate regulatory and legal forums. 

“The Premier League process remains ongoing, with significant elements uncompleted. Manchester City FC will now pursue the appeal avenues open to it, on the basis that the opinion contains clear material errors, of law, principle and fact, and is unsafe. 

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“The Club has diligently respected due process for eight years on the basis that the Premier League Board and Executive would behave as an independent, impartial and fair-minded regulator, free from partisan influence.  

“The Club is obviously restricted in what it can say further until all future proceedings are complete.”

Featured Image – The Manc Group

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