23 Hrs
Source:
The Guardian
Sham City: Strict action on financial breaches
Manchester City has been found guilty of widespread financial breaches by the Premier League, including overstating income by approximately £855 million and understating outgoings by around £66 million through deliberate deception and "sham" contracts. The verdict indicates the club engaged in a calculated scheme to disguise shareholder funding and manipulate its financial statements over several years. The findings have severely damaged the reputation of the club and its majority owner, the Abu Dhabi United Group, raising questions about their trustworthiness and the club’s future in the Premier League.
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