Manchester, England – Manchester City faces?severe sanctions after being found guilty of serious breaches of the Premier League’s financial rules over a nine-season period.
Abu Dhabi-backed City was found to have arranged “sham” contracts with a number of commercial partners to artificially inflate the club’s revenues and reduce costs by more than ?900 million ($1.2 billion) between 2009 and 2018.
In doing so it concealed the true state of its finances and avoided breaches of Premier League and UEFA spending limits as a result.
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