After a four-year inquiry, the Premier League has accused Manchester City of more than one hundred suspected violations of financial standards.
As a result, the club is in danger of being demoted to the second tier of English soccer—the English Championship.
After a four-year investigation, Premier League officials charged Manchester City with several financial regulation violations.
If the allegations are found to be true, the defendant faces the possibility of receiving a number of punishments, including a loss of points, and the most severe punishment possible is being kicked out of the league.
On the club’s website, the Premier League made the announcement that the club had indeed been charged for violating laws spanning 14 seasons, beginning in 2009-2010 and continuing through the current season.
An independent panel for enforcement procedures will now handle the accusations, and the proceedings will take place behind closed doors.
Manchester City on there statement said,
“Manchester City FC is surprised by the issuing of these alleged breaches of the Premier League Rules, particularly given the extensive engagement and vast amount of detailed materials that the EPL has been provided with.”
“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.”
“As such we look forward to this matter being put to rest once and for all.”
Check out all the 100 violations from a tweet from Martyn Ziegler, chief sports reporter for The Times.
BREAKING: Man City charged by Premier Leaue with numerous breaches of financial rules following a four-year investigation.
This is unprecedented: pic.twitter.com/ZGzdX210qP
— Martyn Ziegler (@martynziegler) February 6, 2023