Burnham 'really concerned' if Man City owners sell up after rule breaches
Summary
Manchester City was found guilty of breaking most Premier League financial rules over nearly ten years, with accusations of hiding more than £830 million through fake contracts. The club denies wrongdoing and plans to appeal, while the independent regulator is considering serious actions, including possibly revoking the owners’ license to run the club.Key Facts
- An independent commission ruled that Manchester City broke many Premier League financial rules.
- The club is accused of hiding over £830 million via fake contracts with commercial partners.
- Manchester City denies the accusations and will appeal by 2 October.
- The Independent Football Regulator may consider taking away the owners’ license after the case.
- Possible punishments include fines, points deductions, removal from the league, or losing trophies.
- Manchester City’s owners, led by Sheikh Mansour from the UAE royal family, have invested heavily in Manchester since 2008.
- Andy Burnham, former mayor of Greater Manchester and current Prime Minister, expressed concern over losing the owners.
- The punishment decision may take months, and the process could cause uncertainty in football.
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