Pep Guardiola backs Man City after guilty verdict on financial charges
Summary
Manchester City has been found guilty of breaking financial rules over nearly ten years, using false contracts to hide their true finances and avoid spending limits. Former manager Pep Guardiola expressed his full support for the club, which plans to appeal the decision. The club faces possible penalties like point deductions, fines, or even removal from the Premier League.Key Facts
- Manchester City used fake commercial contracts from 2009 to 2018 to hide how much money they really made and spent.
- This allowed them to avoid breaking league and UEFA spending rules while winning three league titles.
- An independent commission found the club guilty on all charges related to these financial breaches.
- The club was also found guilty of not cooperating fully with the Premier League's investigation.
- Manchester City denies wrongdoing and plans to appeal the verdict before the Friday deadline.
- Potential punishments include losing points, heavy fines, or being kicked out of the Premier League.
- Similar financial breaches led other clubs like Everton and Nottingham Forest to lose points in the current season.
- Guardiola, who managed City from 2016 and won many titles, publicly supports the club and its staff after the verdict.
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