LONDON (AP) — Manchester City was accused by the Premier League on Monday of breaching a slew of financial rules from 2009-18, during which the club became a force in English and European soccer following its takeover by Abu Dhabi’s ruling family.
The league released a long statement detailing a list of alleged breaches of regulations by City after a four-year investigation, covering a period when the team won three Premier League titles — in 2012, 2014 and 2018.
City is accused of failing to provide “accurate financial information that gives a true and fair view of the club’s financial position” between 2009-18 or give “full details of manager remuneration in its relevant contracts” from 2009-13.
Other alleged offenses include failure to comply with UEFA regulations from 2013-18, Premier League profitability and sustainability rules from 2015-18 and to assist with the league’s investigation from December 2018 to the present day.
The league said it has referred the breaches to an independent commission ahead of a confidential hearing.
City could be at risk of severe punishment. The Premier League’s rule book gives a disciplinary commission powers to impose a range of sanctions plus the wider scope of “such other penalty as it shall think fit.”
This article was originally published by Marketwatch.com. Read the original article here.
