Manchester City “Astonished” By Financial Breach Allegations
Manchester City Football Club is shocked by the Premier League’s Monday charge of financial misconduct against the team.
The reigning Premier League champions announced in a statement on Monday that they welcome an impartial investigation into the situation by an independent Commission.
Manchester City FC released the following statement: “Manchester City FC is astonished by the issuing of these alleged breaches of the Premier League Rules, particularly considering the considerable involvement and large amount of comprehensive materials that the EPL has been provided with.
“The Club welcomes the independent Commission’s study of this case in order to objectively take into account the substantial body of unchallengeable material that exists in support of its position.
“As a result, we anticipate this issue being resolved definitively.”
The Premier League sent Manchester City to an impartial commission over alleged financial rule violations, the English top division declared on Monday.
The alleged violations are said to have occurred between the 2009–10 season and the 2017–18 season.
They are accused of violating league regulations that demand “accurate financial information that conveys a true and fair representation of the club’s financial status” to be provided “in the utmost good faith.”
The accurate financial information needed, according to the Premier League, was related to “revenue (including sponsorship money), its related parties, and its running costs.”
The second list of alleged violations relates to the seasons 2009–10 to 2012–13, inclusive, and purports to be a violation of the rule “requiring a member club to include full information of manager remuneration in its relevant contracts with its manager.”
Between December 2009 and May 2013, Roberto Mancini, the current manager of Italy, managed the club.
A club is required to “provide full details of player remuneration within the applicable contracts,” according to the second batch of alleged violations.
The third section discusses purported transgressions of Premier League rules requiring clubs to adhere to UEFA Financial Fair Play guidelines.
