Man City Faces Hearing on Financial Breaches
The Premier League's hearing into Manchester City's alleged 115 breaches of financial regulations is set to begin. The charges, dating back to the 2009-10 season, were referred to an independent commission in February 2023. The allegations include providing inaccurate financial information, failing to comply with UEFA's Financial Fair Play regulations from 2013-14 to 2017-18, and breaching Premier League profit and sustainability rules from 2015-16 to 2017-18.
Manchester City, who recently won their fourth consecutive top-flight title, expressed surprise at the charges but welcomed the review by an independent commission. The club stated they have "irrefutable evidence" to support their position.
The hearing is expected to start on September 16 and last approximately two months, with a final verdict, including any appeal, anticipated by the end of the current season. If found guilty, City could face severe penalties, including points deduction or relegation, similar to recent sanctions imposed on Everton and Nottingham Forest for breaching profit and sustainability regulations.
The Premier League's investigation into City began in December 2018, but the club challenged the jurisdiction and impartiality of the arbitration panel. This dispute became public knowledge in 2021 when the Court of Appeal upheld a ruling allowing the reporting of the disagreement between City and the league.
In a separate matter, City has also challenged the Premier League's associated party transaction rules, which aim to ensure fair market value in deals involving entities linked to club owners.
Additionally, in July, Manchester City was fined £2.09 million by the Premier League for 22 instances of delaying kick-offs or match restarts.
This high-profile case highlights the ongoing scrutiny of financial practices in top-tier football and could have significant implications for Manchester City and the broader landscape of Premier League financial regulations.