Manchester City have been hit with numerous breaches of Financial Fair Play rules. The Premier League have been keeping a close eye on the books at City, with it decided that action now needs to be taken after an unprecedented number of breaches were discovered.
City hit by FFP:
The Premier League has said in a statement on the organisation’s official website: “In accordance with Premier League Rule W.82.1, the Premier League confirms that it has today referred a number of alleged breaches of the Premier League Rules by Manchester City Football Club (Club) to a Commission under Premier League Rule W.3.4.”
The Premier League added on how proceedings will play out from here: “Commissions are independent of the Premier League and member clubs. The members of the Commission will be appointed by the independent Chair of the Premier League Judicial Panel, in accordance with Premier League Rules W.19, W.20 and W.26. The proceedings before the Commission will, in accordance with Premier League Rule W.82, be confidential and heard in private.”
“Under Premier League Rule W.82.2, the Commission’s final award will be published on the Premier League’s website. This confirmation is made in accordance with Premier League Rule W.82.1. The Premier League will be making no further comment in respect of this matter until further notice.”
City have now responded to the accusations, with a statement released on the club’s official website reading: “Manchester City FC is surprised by the issuing of these alleged breaches of the Premier League Rules, particularly given the extensive engagement and vast amount of detailed materials that the EPL has been provided with. The Club welcomes the review of this matter by an independent Commission, to impartially consider the comprehensive body of irrefutable evidence that exists in support of its position. As such we look forward to this matter being put to rest once and for all.”