Skip to content
Plus234Feed

Manchester City to Appeal £830M Financial Breach Ruling

Manchester City to Appeal £830M Financial Breach Ruling

Manchester City is preparing to appeal a judgment by an independent commission that found the club guilty of breaching Premier League financial regulations from the 2009-10 to 2017-18 seasons. The commission concluded that City had artificially inflated revenue through sponsorship agreements and concealed certain liabilities.

The disputed funding arrangements, amounting to approximately £830.69 million, were claimed to be funded by the Abu Dhabi government rather than by the club's owners, Abu Dhabi United Group (ADUG). The Premier League argued that these arrangements were part of a scheme to appear compliant with financial regulations, a claim the commission supported by rejecting City's explanations.

City has criticized the findings, asserting they contain errors of law and fact, and Chairman Khaldoon Al Mubarak stated that the club has "irrefutable evidence" to support its position. The case has also drawn interest from HM Revenue & Customs, with Dame Meg Hillier, chair of the Treasury Committee, inquiring about HMRC's access to documents related to the commission's report.

Plus234Feed summary based on reporting from Punch Newspapers. Read the original report below.

Read full article

Continue on Punch Newspapers

Visit
Share

Get the week in one email

Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.

Free · one email per week · unsubscribe anytime

Related Stories

Get Plus234Feed on messaging apps

Same headlines, delivered where you already scroll.