Manchester City were found guilty of 114 breaches of Premier League financial rules, the Manchester Evening News reports. The appeal process against the verdict is ongoing, with a separate hearing before a new independent panel set to take place.
Guilty verdict and inflated revenue
The original three-person panel delivered the guilty verdict, finding that City had 'artificially inflated' their revenue by around £900 million through 'sham' sponsorship deals between 2009 and 2018.
Potential punishments and next steps
If City are unsuccessful with their appeal and the verdict is upheld, they could face serious punishment, which could include a big point deduction, stripping of titles, or even expulsion from the Premier League. The Independent Football Regulator (IFR) could also step in and force the owners to sell the club.
There has been much debate over what sort of punishment the club should be given. The Manchester Evening News live blog is providing all the latest news surrounding the charges on Friday, 16 October.
