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Premier League Accuses Man City Of Untrue Financial Position, Non Disclosure Of Manager’s Pay

Premier League Accuses Man City Of Untrue Financial Position, Non Disclosure Of Manager's Pay

Premier League is accusing Manchester City of failing to provide “accurate financial information that gives a true and fair view of the club’s financial position” between years 2009-18 or give “full details of manager remuneration in its relevant contracts” from the year 2009-13.

Manchester City was accused again by the Premier League on Monday of breaching the financial rules from 2009-18, during which the club became a force in English and European soccer following its takeover by Abu Dhabi’s ruling family.

The second set of breaches listed refers to the alleged 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 club’s manager between December 2009 and May 2013 was current Italy boss Roberto Mancini.

A statement detailing a list of alleged breaches of regulations by Man. City was released by the Premier League after a four-year investigation. The affected period included when the team won three Premier League titles — in 2012, 2014, and 2018.

Other offenses slammed on the club include failure to comply with UEFA regulations from 2013-18, Premier League profitability and sustainability rules from 2015-18, and assisting with the league’s investigation from December 2018 to the present day.

Manchester City is yet to respond to the allegations.

If found guilty, the punishment and fine run through a wide scope of sanctions which is also based on the sole prerogative of the Premier League.

Manchester City has won six Premier League titles, two FA Cups, and six English League Cups under Abu Dhabi.

City was banned from UEFA competitions for two years by European football’s governing body for alleged breaches of its FFP regulations in February 2020, but the sanction was overturned by the Court of Arbitration for Sport in July of the same year.

However, they were fined City 10 million euros (then $11.3 million) for failing to cooperate with investigators.

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