The Premier League stated that the precise financial information required concerned “revenues (including those from sponsors), their related parties and their operating costs.” Another part also deals with alleged violations of Premier League rules that require clubs to comply with UEFA’s financial fair-play (FFP) rules. In February 2020, City had been suspended from UEFA competitions for two years by the governing body of European football itself for “serious breaches” of its FFP rules, but the sanction was annulled by the Court of Arbitration for Sport (CAS). ).
A second series of reported breaches, relating to the 2009-10 to 2012-13 seasons, concerns an alleged violation of rules “requiring a member club to include full details of player remuneration.” manager” and that of his players. Between December 2009 and May 2013, the City coach was the Italian Roberto Mancini, current coach of the “Azzurra”. Since December 2018, the English club has reportedly infringed league rules that required its members to cooperate and assist the Premier League in its investigations.
It is suspected that the club committed in total more than a hundred infractions. Manchester City “welcomes the investigation of this case by an independent commission, to impartially examine the wide body of irrefutable evidence that exists and supports its position,” the club defended itself on Monday. “The debates before the commission will be (…) confidential,” said the Premier League, adding that it would not make any further comments “until further notice.” Last season, City won their sixth English title since the acquisition of the Abu Dhabi United Group consortium, owned by Sheikh Mansur.
Despite their dominance in English territory, the Manchester club still failed to win the Champions League, reaching the final only once, in 2021. Pep Guardiola’s team is currently in second place in the Premier League standings, five behind points from leader Arsenal, and will travel to Leipzig on February 22 for the first leg of the round of 16 of the top European team tournament.
City, voted club of the year at the 2022 Ballon d’Or ceremony, announced in November record revenue of $739 million and profit of nearly $50 million during the 2021-22 season. Its president, Khaldoon Al Mubarak, had declared that City was pursuing the goal of “one day being the club that sets the benchmark for others.” An ambition backed according to him by “statistics and results”.
Source: Ambito
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