Manchester City Await Verdict on Over 100 FFP Breaches by Premier League
Manchester City remains in anticipation of a verdict from the Premier League following charges of more than 100 breaches of Financial Fair Play regulations.
The club was hit with unprecedented accusations by the Premier League in February. These charges encompass nearly a decade of allegedly misrepresenting their finances to relevant authorities and failing to cooperate with the investigation. Manchester City asserts having a “comprehensive body of irrefutable evidence” to support their stance. They intend to defend themselves at an independent tribunal. However, the complexity and magnitude of the case suggest it may take years before it reaches resolution.
Everton were deducted 10 points on Friday after being found guilty of their own FFP breaches and the punishment, which has seen them drop from 14th place to the relegation zone, has led to increased speculation and discussion on the punishment City could face if found guilty.
City is accused of violating league regulations mandating the disclosure of “accurate financial information in utmost good faith,” ensuring a genuine representation of the club’s financial standing. According to the Premier League, this accurate financial information pertains to “revenue (including sponsorship revenue), related parties, and operational expenses.”
Additional allegations involve manager contracts spanning from seasons 2009/2010 to 2012/2013 and certain player contracts and image rights from seasons 2010/2011 to 2015/2016 inclusively. Further sections pertain to Premier League compliance with UEFA Financial Fair Play regulations between seasons 2013/2014 and 2017/2018, as well as potential breaches of profitability and sustainability in the Premier League between seasons 2015/2016 and 2017/2018 inclusively.
Previously, City faced a two-year ban from UEFA competitions due to alleged violations of its FFP regulations in February 2020. However, the Court of Arbitration for Sport overturned this sanction in July of the same year.
If proven, the club could face various domestic penalties based on the severity and scope of the financial allegations. Premier League rule W.51 outlines the spectrum of sanctions available to the commission handling this process and its subsequent actions.
These sanctions encompass a wide range, from a mere reprimand to potential points deductions. In extreme cases, the club could even face expulsion from the competition. Additionally, the commission retains the authority to conditionally sanction clubs, contingent upon specific actions being fulfilled within a stipulated timeframe.
It’s important to note that in the event of proven allegations or charges, respondents retain the right to appeal the decision.