Manchester City was accused by the Premier League on Monday of providing misleading information about its finances over a nine-year period when the club was attempting to establish itself as a force in English and European soccer following its takeover by Abu Dhabi’s ruling family.
The explosive development came at the end of a four-year investigation by the world's most popular soccer league in the wake of leaked club emails and documents from City officials that were published by German magazine Der Spiegel in November 2018.
The league said it has referred the breaches to an independent commission ahead of a confidential hearing. The Premier League has accused City of breaching rules requiring provision “in utmost good faith” of “accurate financial information that gives a true and fair view of the club’s financial position” between 2009-18 and failing to give “full details of manager remuneration in its relevant contracts” from 2009-13. Roberto Mancini was manager during that period.
City, the defending Premier League champion and a team owning some of the world's top players like Erling Haaland and Kevin De Bruyne, could be at risk of severe punishment. The league’s rule book gives a disciplinary commission powers to impose a range of sanctions plus the wider scope of “such other penalty as it shall think fit.”
While City was under investigation by the Premier League, the club had a two-year ban from European club competitions overturned by the Court of Arbitration for Sport in 2020 after UEFA ruled City committed “serious breaches” of financial fair play regulations from 2012-16. That case arose on the back of the leaked information, too.
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