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The Premier League has found Manchester City guilty of sham commercial contracts that inflated revenue and understated costs by more than £900 million, confirming guilt on all 115 financial charges
9,074 posts · 6,343 accounts · +122% vs the day before
- The independent commission concluded Manchester City arranged “sham” commercial deals that inflated revenue and reduced costs by over £900 million, covering a nine‑season period from 2009‑10 to 2017‑18[1][19][58][61]
- The Premier League announced the club is guilty of all 115 financial‑rule breaches, with the majority relating to failure to cooperate with the investigation[15][59][60][62][63]
- Manchester City issued a club statement saying it is “disappointed and surprised” and maintains its innocence, pledging to appeal the verdict[54][56]
- Industry reaction includes calls from rival clubs and commentators for severe sanctions, with some demanding expulsion from the top flight and others warning the sanction must come before season’s end[25][42][49]
- Analysts note the £900 million figure represents a massive financial breach, likening its impact to a “£900 m pumped into the club” and warning that any appeal loss could lead to “enormous” sanctions[35][51]
Posts cited
[1] Nick. K · @nick_kapx ·
The Premier League confirming City's guilt with details of all those contracts and over £900m in inaccuracies is unbelievable. This isn't just reports anymore. The scale of what was found is absolutely massive and the sanctions should be huge. I still cannot believe this.
Open on X[15] 🚨 Trading Alerts ® · @trading_alerts_ ·
Man City guilty of almost all the 115 financial charges, Premier League says in explosive verdict - AP News https://t.co/0LsiSC6fcp
Open on X[19] Prince Verma · @princeprojectx ·
🚨 FOOTBALL BOMBSHELL: The Premier League has found Manchester City guilty of using what it described as “sham” commercial contracts in schemes that allegedly inflated revenue and understated costs by more than £900 million. The case could have major implications for one of football's biggest clubs and reignite debate over financial regulation in elite football. ⚽ #ManchesterCity #PremierLeague #Football
Open on X[25] Victor Chiemela · @victordynasty20 ·
🚨BREAKING! Man City’s rivals are waiting for the sanctions procedure to play out but already within the football industry there is talk of clubs wanting them to be expelled from the Premier League. (@TimesSport ) ⏳
Open on X[35] Terry Flewers · @terryflewers ·
🚨 Putting Man City’s alleged financial breaches into perspective using the Laws-Maguire Index: The £900m pumped into the club between 2009 & 2018 isn't just £900m in football terms. Because football inflation scales with skyrocketing Premier League revenues, that money had massive buying power. In today's market, that injection is worth a staggering £2.5 BILLION to £3 BILLION. Is that correct @KieranMaguire
Open on X[42] AS · @anfield_sector ·
[🟢] NEW: Manchester City’s rivals are waiting for the sanctions procedure to play out but already within the football industry there is talk of clubs wanting them to be EXPELLED from the top flight. [@martynziegler] #PremierLeague #LFC
Open on X[49] The Athletic | Football · @theathleticfc ·
Premier League chief executive Richard Masters: “The core decision establishes the facts of what happened at Manchester City during this period. It details how the club systematically broke Premier League Rules for nearly a decade. “It also vindicates the Premier League’s decision to pursue this case against Manchester City. While the process to date has been both long and difficult, the League has remained determined that the facts be established independently. “This disciplinary case, and this decision, are the most significant in Premier League history.”
Open on X[51] Mark Ogden · @markogden_ ·
The wording of the PL statement is so brutal that if City fail to win their appeal, the sanctions will be enormous
Open on X[54] City Xtra · @city_xtra ·
BREAKING: Manchester City statement. ⤵️ 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. 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.
Open on X[56] Manchester City · @mancity ·
Club statement. 🔗 https://t.co/yrJ8Z0A52Y
Open on X[58] City Xtra · @city_xtra ·
BREAKING: The independent Commission found that Manchester City arranged ‘sham’ commercial deals with a number of its sponsors during the period, which were part of a disguised funding scheme, whereby those companies were only required to pay a portion of the relevant sponsorship fees. The remainder was funded by Abu Dhabi United Group Investment & Development Ltd (ADUG), which owned the club. As part of the scheme, further ‘sham’ arrangements, funded by ADUG, were entered into to enable the club to record lower operating expenses than it actually incurred, as well as a ‘sham’ circular arrangement with Fordham, an entity that purchased the club’s players’ image rights, that was funded by ADUG. The purpose of these schemes was found to have been to artificially inflate the club’s revenues, and reduce its costs, by more than £900 million during the affected period, to appear to comply with financial rules. The consequence of this, as the Commission found, was that the club filed misstated accounts and concealed the true state of its finances from its auditors and football regulators. The Commission concluded that ‘by its conduct the club clearly intended to circumvent the PL Rules‘. As a result, Manchester City failed to accurately report its income and expenditure for the purposes of the Premier League’s Profitability and Sustainability Rules and UEFA’s Club Licensing and Financial Fair Play Rules. The Commission found that, had all of the relevant agreements been reported accurately in the club’s accounts, it would have been in breach of both the League’s and UEFA’s spending limits by a very substantial amount. Now confirmed by a Premier League statement.
Open on X[59] utdreport · @utdreport ·
Official: The Premier League have confirmed that an independent Commission has found Man City guilty of all charges related to serious breaches of the Premier League’s financial rules. This occurred over a nine-season period, and the majority of charges in relation to its failure to co-operate with the League’s investigation.
Open on X[60] Melissa Reddy · @melissareddy_ ·
OFFICIAL: An independent Commission has found Manchester City FC guilty of all charges related to serious breaches of the Premier League’s financial rules over a nine-season period, and the majority of charges in relation to its failure to co-operate with the League’s investigation. The independent Commission found that between Seasons 2009/10 and 2017/18: - Manchester City arranged ‘sham’ contracts (which misrepresented the true agreement between the parties) with a number of its commercial partners, as well as relying on ‘sham’ agreements with others, to artificially inflate the club’s revenues and reduce its costs - The club filed misstated accounts and concealed the true state of its finances from its auditors and football regulators - Manchester City was significantly in breach of both the Premier League’s and UEFA’s spending limits - During the Premier League’s investigation, Manchester City committed multiple breaches of its duties of co-operation and utmost good faith towards the League (three of the four alleged breaches were upheld)
Open on X[61] Sam C · @samc_reports ·
🚨 BREAKING: An independent commission has found Manchester City guilty of serious breaches of Premier League financial rules over nine seasons. It found the club used “sham” deals to inflate revenue and reduce costs by more than £900m. A separate hearing will decide the punishment. City have until Friday to appeal.
Open on X[62] Mike Keegan · @mikekeegan_dm ·
🚨BREAKING PL statement: says Manchester City 'guilty of all charges related to serious breaches of the Premier League’s financial rules over a nine-season period, and the majority of charges in relation to its failure to co-operate with the League’s investigation'.
Open on X[63] Ben Jacobs · @jacobsben ·
BREAKING: The Premier League confirm an independent Commission has found Manchester City guilty of all charges related to serious breaches of the Premier League’s financial rules over a nine-season period, and the majority of charges in relation to its failure to co-operate with the League’s investigation. The independent Commission found that between Seasons 2009/10 and 2017/18: "Manchester City arranged ‘sham’ contracts (which misrepresented the true agreement between the parties) with a number of its commercial partners, as well as relying on ‘sham’ agreements with others, to artificially inflate the club’s revenues and reduce its costs. "The club filed misstated accounts and concealed the true state of its finances from its auditors and football regulators. "Manchester City was significantly in breach of both the Premier League’s and UEFA’s spending limits. "During the Premier League’s investigation, Manchester City committed multiple breaches of its duties of co-operation and utmost good faith towards the League (three of the four alleged breaches were upheld). "The independent Commission found that Manchester City arranged ‘sham’ commercial deals with a number of its sponsors during the period, which were part of a disguised funding scheme, whereby those companies were only required to pay a portion of the relevant sponsorship fees. The remainder was funded by Abu Dhabi United Group Investment & Development Ltd (ADUG), which owned the club. As part of the scheme, further ‘sham’ arrangements, funded by ADUG, were entered into to enable the club to record lower operating expenses than it actually incurred, as well as a ‘sham’ circular arrangement with Fordham, an entity that purchased the club’s players’ image rights, that was funded by ADUG." The EPL add: "The purpose of these schemes was found to have been to artificially inflate the club’s revenues, and reduce its costs, by more than £900 million during the affected period, to appear to comply with financial rules. The consequence of this, as the Commission found, was that the club filed misstated accounts and concealed the true state of its finances from its auditors and football regulators. The Commission concluded that ‘by its conduct the club clearly intended to circumvent the PL Rules. "As a result, Manchester City failed to accurately report its income and expenditure for the purposes of the Premier League’s Profitability and Sustainability Rules and UEFA’s Club Licensing and Financial Fair Play Rules. The Commission found that, had all of the relevant agreements been reported accurately in the club’s accounts, it would have been in breach of both the League’s and UEFA’s spending limits by a very substantial amount. "In addition, during the course of the four-year investigation conducted by the Premier League, the club committed multiple breaches of its duties of co-operation and utmost good faith towards the League. The Commission concluded that the club had ‘made concerted efforts to stop and frustrate the PL investigation." Richard Masters: “The core decision establishes the facts of what happened at Manchester City during this period. It details how the club systematically broke Premier League Rules for nearly a decade. “It also vindicates the Premier League’s decision to pursue this case against Manchester City. While the process to date has been both long and difficult, the League has remained determined that the facts be established independently. “It is a key responsibility of the Premier League to ensure that the Rules, approved by the clubs themselves, are upheld to protect the integrity of the competition. It is paramount that the League remains competitive and fair for all clubs and for the fans. We take that role extremely seriously. “This disciplinary case, and this decision, are the most significant in Premier League history. There are elements of the case that remain to be decided, including, importantly, what sanction must follow for these breaches. Now we have the Commission’s decision, we are committed to moving swiftly through the remainder of the process, to provide certainty for the League, our clubs and fans.” A redacted version of the independent Commission’s findings has been published. Now that the charges have been proved, the issue of sanction will be addressed separately in a further hearing. City has the right to appeal the independent Commission’s findings and has until Friday 2 October to exercise that right.
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