Man City scandal: 'Sham' deals and inflated revenues
Summary
The Premier League has found Manchester City guilty of using fake commercial deals to make their income look bigger and expenses look smaller by over £900 million over nearly ten years. Manchester City denies any wrongdoing and plans to appeal the decision.Key Facts
- Manchester City was found guilty of using false commercial contracts.
- These contracts inflated the club’s reported income and understated costs by more than £900 million.
- The scheme took place over almost a decade.
- The Premier League announced the verdict on Tuesday.
- Manchester City denies the charges.
- The club intends to appeal the ruling.
- This is considered one of the biggest financial scandals in Premier League history.
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