In response to the news that they are being accused of more than 100 financial violations by the Premier League, Manchester City has released a statement.
The Premier League has charged Manchester City over claims that they violated over 100 financial regulations between the 2009–10 and 2017–18 seasons.
An inquiry into the club has been ongoing for four years, but it has been slowed down by legal issues.
However, the Premier League has stated that a committee has been tasked with investigating the alleged violations, leaving the club open to a number of potential sanctions should they be found guilty.
City, on the other hand, claims to be “surprised” by the information and claims to have engaged in “extensive contact” with the Premier League regarding the probe. They once again claim in their statement that they “welcome the review” by an impartial body.
A club statement read:
Manchester City FC is surprised by the issuing of these alleged breaches of the Premier League Rules, particularly given the extensive engagement and vast amount of detailed materials that the EPL has been provided with.
The Club welcomes the independent Commission’s consideration of this case in order to objectively evaluate the substantial body of unchallengeable material that exists in support of its position.
The Premier League released a long statement on Monday morning detailing the particular charges after receiving the shocking findings of the investigation.
The statement said:
In accordance with Premier League Rule W.82.1, the Premier League confirms that it has today referred a number of alleged breaches of the Premier League Rules by Manchester City Football Club to a Commission.
According to the league, suspected violations were allegedly committed throughout the course of nine different seasons, starting in 2009–10, and have since been sent to an impartial commission.
If the commission finds City guilty of the violations, they may be subject to a number of penalties, including expulsion from the top division.
Following the publication by the German website Der Spiegel of confidential documents pertaining to City’s financial dealings in March 2019, the Premier League launched an investigation.
In February 2020, UEFA expelled the team from the Champions League for two seasons due to what the organization claimed was proof that City “between 2012 and 2016 overstated its sponsorship revenue in its records,” only for the Court of Arbitration for Sport to reverse its judgment after an appeal.
City also got its €30 million in penalties lowered to €10 million. City has repeatedly and vehemently denied any wrongdoing and has previously said that emails that were released in connection with the Premier League inquiry were taken “out of context”.