Manchester City face the threat of severe sanctions after an independent commission found they had “clearly intended to circumvent Premier League rules” over a nine-season period.
City were found to have engaged in an almost £1billion scheme to either inflate revenues or reduce costs through a series of “sham” arrangements in order to avoid breaching league and UEFA financial regulations.
Premier League chief executive Richard Masters described the case, and the decision, as “the most significant in Premier League history”, with the league’s investigation having started back in 2018.
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