Manchester City found guilty on all 115 charges it faced
Manchester City has been found guilty on all 115 counts of defrauding the English league through fictitious reports. The Premier League announced the conviction, but the penalty has yet to be determined. The club could face retroactive or future point deductions, fines, and even relegation. The scale of the offense is estimated at over £900 million in unreported funds.
Manchester City has been found guilty on all 115 charges it faced, the Premier League announced in an official statement. The club was accused of creating fictitious contracts with commercial partners that were inflated beyond actual amounts, thereby circumventing European financial fair play rules. The scale of the offense is estimated at over £900 million (approximately 3.6 billion shekels) in unreported funds. The penalty has yet to be determined, and it may take considerable time before a decision is reached. The most severe penalty is a point deduction spanning several years, either retroactively or in the future. According to a report in The Athletic, this could mean a reduction of 20 to 25 points per season. A retroactive reduction could strip City of titles won in the last five years, while a future reduction could render them irrelevant in the title race, lead to player departures, and even relegation. The financial impact of failing to qualify for the Champions League would also affect the club. However, there is a chance the penalty could be lighter, such as a reprimand or fine.