Man City accused of breaking Premier League’s financial regulations
London, Feb 6 (EFE).- The Premier League has accused Manchester City of breaking its financial rules dozens of times over the course of several years.
In a statement on Monday, the Premier League said City had not provided “accurate financial information that gives a true and fair view” of the club’s finances and that it had failed “to include full details” of manager and player wages.
The Premier League also said Manchester City had failed “to comply with Uefa’s regulations, including UEFA’s Club Licensing and Financial Fair Play Regulations,” had breached the Premier League’s rules on “profitability and sustainability” and failed “to cooperate with, and assist, the Premier League in its investigations, including by providing documents and information (…) in the utmost good faith.”
The allegations, referring to the period between 2009 and 2018, have been referred to an independent commission, which will investigate the claims.
Man City was bought in 2008 by Abu Dhabi United Group, a United Arab Emirates private equity company owned by Sheikh Mansour bin Zayed Al Nahyan, a member of the Abu Dhabi royal family.
In the 15 years since, the club has won six Premier League titles, two FA Cups, and six League Cups, while they were losing Champions League finalists in 2021, an era of unprecedented success for City.
In a statement, City said they were “surprised” by the allegations, “particularly given the extensive engagement and vast amount of detailed materials” the club has provided to the Premier League.
“The Club welcomes the review of this matter by an independent Commission, to impartially consider the comprehensive body of irrefutable evidence that exists in support of its position,” the statement added. EFE