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The moment of truth has arrived for Manchester City
The moment of truth in the 115 charges facing Manchester City for alleged financial wrongdoing is upon us.
The moment of truth in the 115 charges facing Manchester City for alleged financial wrongdoing is upon us. The trial is expected to begin on Monday, September 16. The process is expected to last about two months and the verdict is expected to be known in the spring of 2025 at the earliest, if not later...
The English champion faces 115 financial offenses spanning 9 years (from 2009 to 2018) and the penalties she faces are very harsh.
Deductions and relegation are among the possible punishments but it is said that any penalties could even result in the removal of trophies.
Allegations against citizens will be investigated, reviewed and analyzed by an independent commission. The hearing will be held behind closed doors as
Premier League regulations on FFP breaches state that any decision before an independent panel will be held in private and be strictly confidential. This means that the Media will not have knowledge of the development of
the case until the final verdict of the Premier League.
The 115 categories:
• 54 - Failure to provide accurate and up-to-date financial information from 2009-10 to 2017-18
• 14 - Failure to submit accurate financial reports for player and coach compensation from 2009-10 to 2017-18
• 5 - Non-compliance with UEFA regulations, including UEFA Club and Licensing Regulations and UEFA Financial Fair Play Regulations
• 7 - Breaches of Premier League Profitability and Sustainability Regulations (PSR) from 2015-16 to 2017-18
• 35 - Non-cooperation with Premier League investigations from December 2018 to date.
Of the 115 charges facing Manchester City, most (54) relate to failing to provide accurate and up-to-date financial information from the 2009/10 season through to the 2017/18 season. This allows FFP a clear view of a club's revenue, which includes sponsorship deals, and its operating costs, which include player wages.
Every Premier League club signs a code of compliance, which essentially translates to clubs agreeing to behave properly and provide the league with accurate and up-to-date accounts, which are expected to be audited every year. In recent years City have been accused of inflating the value of their sponsorships, which are linked to their owners.
He also faces 14 counts of failing to file accurate financial reports on player and coach compensation for the seasons in question.
Manos Staramopoulos
Journalist and Analyst of International Football and Affairs
Chief Editor English Zone of Discoveryfootball.com
Athens (Greece)
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