Revealed: Why Man City ‘WON’T face sanctions’ when club receives initial verdict on 115 breaches of Premier League financial rules – after hearing concluded in December
- The long-awaited closed-door hearing into the breaches wrapped up in 2024
- Serial winners accused by league of multiple breaches of financial regulations
- LISTEN NOW: It’s All Kicking Off! Is it harsh on Anthony Gordon that he misses the Carabao Cup final?
Manchester City will likely not receive sanctions when the initial verdict on their alleged breach of 130 (initially 115) of the Premier League’s financial rules is returned, according to a new interview with chief executive Richard Masters.
The Premier League serial winners stand accused by the organisation of multiple breaches of their financial regulations, as well as failing to co-operate with a subsequent investigation.
The alleged breaches date back to a nine-year period between 2009 and 2018, and were first revealed by the league in a statement in February 2023.
Should City be found culpable on some of the more serious charges, they could be hit with huge financial penalties, points deductions or even relegation.
Man City have been staunch in their denial of the alleged breaches, and a disciplinary panel heard evidence from between the two parties in late autumn, with proceedings concluding in December of last year.
In an interview with Masters given to the Financial Times, it was stressed that the verdict could yet been announced anytime before the end of the season.
CEO Richard Masters is the face of the Premier League’s investigation into Man City’s alleged financial rule breaches
The charges relate to alleged breaches which took place at the club between 2009 and 2018
Man City’s legal defence during the autumn hearing has been led by Lord Pannick KC (right)
But the outlet also explained that the independent panel itself would not decide on any sanctions the club might be set to receive.
Instead, this would involve a separate process, which could be subject to appeal by either Man City or the Premier League – much like the initial verdict itself.
This could mean that any potential punishment the 2023 Treble winners could face might not be meted out until some time – or even after – next season.
In the interview, Masters could only note that ‘literally cannot say a word’ about the ongoing proceedings.
The four-in-a-row champions are accused of failing to report accurate financial information for nine seasons stretching from 2009-10 to 2017-18, as well as failing to provide full details of former manager Roberto Mancini’s pay between 2009-10 and 2012-13.
They are also alleged to have failed to provide full details of monies paid to players between 2010-11 and 2015-16 and failing to co-operate with the probe from 2018 to 2023.
That investigation, prompted by hacked material published in German media, has triggered astronomical legal costs for the league, which have raised concerns at a number of its clubs.
The competition’s senior barrister is Adam Lewis KC while Lord Pannick is leading City’s defence, with both legal representatives from Blackstone Chambers.
