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The Premier League has introduced that manchester city they have broken the rule of financial fair play. Therefore, Manchester City have now been referred to an independent commission. City allegedly broke the financial rules set out by the Premier League. Furthermore, this alleged breach occurred from the 2009-10 season through the 2017-18 season. The club has apparently breached the “in the best of good faith” provision of “accurate financial information that gives a true and fair view of the club’s financial situation.” They have also breached some other Premier League regulations. In addition, the Premier League has published a statement. The statement said,
“Proceedings before the Commission, in accordance with Premier League Rule W.82, will be confidential and heard in private. Pursuant to Premier League Rule W.82.2, the Commission’s final award will be published on the Premier League website.
“This confirmation is made in accordance with Premier League Rule W.82.1. The Premier League will have no further comment on this matter until further notice.”
Manchester City has also ruled on this matter.
Manchester City have been referred to an independent commission to investigate this matter. The commission will investigate the matter and then inform the Premier League. The chairman of this commission is Murray Rosen KC. Now he will select some people next to him in the commission. The commission also has access to consult other legal and financial experts. Manchester City has also issued a statement. The statement said,
“Manchester City FC is surprised by the issuance of these alleged breaches of Premier League rules, particularly given the extensive engagement and wealth of detailed materials that have been provided to the EPL.
“The club welcomes the review of this matter by an independent commission, to impartially consider the full body of irrefutable evidence that exists in support of its position. As such, we hope this matter is settled once and for all.”
Manchester City could face a 5-point penalty if found guilty of the charges. This would be quite devastating for the club as they currently sit second in the league table. And they are title contenders to lift the trophy this season.
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Manchester City could face a 5-point penalty due to financial fair play rules
