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Ferran Soriano, the CEO of Manchester City, confirmed that the accusations made against the club by the Premier League relate to false claims that the owners' funds were channeled through sponsors from Abu Dhabi, which has been entirely denied. He explained that the evidence provided by the club, including bank statements and certifications, prove that those funds did not come from the club's owner, and that the case is based on an unfounded allegation. Nevertheless, the club issued a statement affirming that it will appeal the decision of the League’s disciplinary committee, which supported its conspiracy theory view, with the club filing an appeal before the deadline next Friday. The penalties being considered could range from a fine to points deduction or even exclusion from the league.
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