Sport nationManchester City has reaffirmed their position regarding the 115 financial charges brought against them by the Premier League, maintaining that they have “irrefutable evidence” to support their full denial of the allegations. The independent panel that will review the case is scheduled to begin later this year, although the exact date has not been disclosed by Premier League chief Richard Masters[20].
The charges, which span from 2009 to 2018, include accusations of improper financing and a lack of cooperation with the League’s investigation. Manchester City expressed surprise at the charges when they were first announced in February 2023, citing the “extensive engagement and vast amount of detailed materials” they had provided to the League[20].
In recent financial accounts filed by Manchester City, the club reiterated their denial of the charges, referencing their initial statement in a report to Companies House. The statement highlighted their eagerness for the matter to be reviewed by an independent commission, which will impartially consider the evidence supporting the club’s position[20].
Meanwhile, the Premier League has been dealing with other Profit & Sustainability Rules (PSR) issues. Everton faced a record points deduction in November, which was later reduced from 10 to six points upon appeal. However, Everton has now received a second points sanction of two points for breaching PSR under new fast-track penalty regulations introduced this season[20].
Nottingham Forest has also been charged with breaching PSR rules within the same financial cycle and has chosen to appeal the penalty[20].
The Premier League is expected to overhaul its financial regulations this summer amid concerns that the current rules disproportionately penalize non ‘big six’ clubs attempting to close the competitive gap. Despite any potential changes to the rules, the case against Manchester City will proceed[20].
Citations:
[1] https://www.skysports.com/watch/video/sports/football/13049063/explained-what-are-the-premier-leagues-profit-sustainability-rules
[2] https://www.givemesport.com/football-soccer-man-city-ffp-charges-list/
[3] https://www.90min.com/posts/what-are-premier-league-profit-and-sustainability-rules
[4] https://www.skysports.com/football/news/11679/12804623/man-city-premier-league-charges-explained-what-are-they-what-could-punishment-be-whats-the-timescale
[5] https://www.goodisonnews.com/2024/03/14/everton-finance-expert-moots-psr-mitigation-in-new-blues-and-nottingham-forest-points-deduction-verdict/
[6] https://theathletic.com/5203411/2024/01/15/manchester-city-ffp-charges-everton-nottingham-forest/
[7] https://www.sportcal.com/news/evertons-psr-points-deduction-reduced-to-six-by-premier-league/
[8] https://www.sportingnews.com/uk/football/news/man-city-investigation-financial-rules-premier-league/ueled7gcyfo6b60xgzos0bvx
[9] https://theathletic.com/5300671/2024/02/27/everton-psr-appeal-forest-commission/
[10] https://cominghomenewcastle.sbnation.com/2024/2/8/24064428/premier-league-to-apply-changes-to-profit-and-sustainability-rules
[11] https://www.skysports.com/football/news/11661/13065512/could-profit-and-sustainability-rules-be-about-to-change-premier-league-clubs-set-to-discuss-this-week
[12] https://www.premierleague.com/news/3788486
[13] https://talksport.com/football/1784500/premier-league-new-financial-rules-everton-nottingham-forest/
[14] https://jobsinfootball.com/blog/manchester-city-ffp/
[15] https://kennedyslaw.com/en/thought-leadership/article/2024/the-premier-league-s-profit-and-sustainability-rules-relegation-danger-for-those-in-breach/
[16] https://www.manchestereveningnews.co.uk/sport/football/football-news/premier-league-to-change-spending-28451881
[17] https://inews.co.uk/sport/football/premier-league-ffp-rules-chelsea-newcastle-aston-villa-2951647
[18] https://www.sportspromedia.com/news/everton-points-deduction-appeal-premier-league-psr/
[19] https://www.forbes.com/sites/steveprice/2024/01/15/how-premier-league-rules-prevent-profitability-and-sustainability/?sh=58d8246082c2
[20] https://www.skysports.com/football/news/11679/13099223/manchester-city-ex-chairman-david-bernstein-urges-premier-league-to-conclude-charges-against-club
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