Man City guilty of 'sham' contracts and misleading accounts
Summary
Manchester City was found guilty of breaking Premier League financial rules over nearly a decade, from 2009-10 to 2017-18. The club used fake contracts to make its income look higher and its costs lower.Key Facts
- Manchester City breached Premier League financial rules between 2009-10 and 2017-18.
- The club used "sham contracts" with commercial partners to inflate revenue.
- These fake deals were part of a hidden funding scheme worth about £830.69 million.
- The club was found guilty on nearly all charges except one related to cooperation with the investigation.
- Over 100 individual rule breaches were identified by an independent commission.
- The Premier League’s chief executive confirmed the club systematically broke rules for almost a decade.
- The Premier League aims to keep the competition fair and competitive for all teams and fans.
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