9 Hrs
Source:
AL24 News
UAE Spoils Premier League as Manchester City Faces Scandals
An independent committee affiliated with the English Premier League has revealed the existence of financial and organizational violations by Manchester City during the period from 2009 to 2018. The violations included falsifying financial data, inflating revenues, and reducing costs through fictitious commercial deals, with some sponsorship deals being financed by an Emirati investment group instead of the announced sponsoring companies. This resulted in an increase in revenue and a decrease in costs of over 900 million pounds. The club now faces sanctions that may include point deductions or exclusion from the league, after more than 100 charges have been brought against it, with investigations into some of the final sanctions still ongoing.
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