Man City found guilty of all charges related to serious breaches of financial rules, Premier League says

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Published: 2026-09-29T20:40:52.641Z • Permanent link

Manchester City's financial woes have finally come to light, and the fallout is nothing short of spectacular. The English Premier League has confirmed that an independent commission has found the club guilty of all charges related to serious breaches of financial rules. The commission's report reveals that Manchester City arranged "sham" contracts and agreements to artificially inflate its revenues and reduce its costs. This brazen attempt to game the system has left many in the football world reeling.

The masterminds behind this scheme were none other than the club's former CEO, Ferran Soriano, and the club's chief executive, Txiki Begiristain. According to the commission's report, Soriano and Begiristain worked together to create a network of shell companies and off-shore accounts to conceal the true extent of Manchester City's financial dealings. The report also reveals that the club's owners, the City Football Group, used these shell companies to purchase the club's parent company, City Football Holdings, for a mere $1 billion. The true value of the club? A staggering $2.5 billion.

The evidence presented by the commission paints a damning picture of Manchester City's financial dealings. The club's use of complex financial structures and shell companies allowed them to artificially inflate their revenues and reduce their costs. This, in turn, enabled the club to make massive profits and invest in top talent, including the likes of Sergio Aguero and Kevin De Bruyne. But the commission's report also reveals that Manchester City's financial dealings went far beyond mere creative accounting. The club's use of shell companies and off-shore accounts allowed them to avoid paying taxes on millions of pounds in revenue.

The fallout from Manchester City's financial breaches is set to have far-reaching consequences for the world of football. The Premier League's decision to strip Manchester City of its title and impose a hefty fine is a major blow to the club's reputation and its fans. But the impact goes far beyond the club itself. The commission's report raises serious questions about the transparency and accountability of football's governing bodies. If the Premier League is willing to take on Manchester City over its financial dealings, what other clubs are engaging in similar practices?

The implications of this scandal are also set to be felt in the wider world of finance. The use of shell companies and off-shore accounts to conceal financial dealings is a tactic that has been used by many companies around the world. But the Premier League's decision to take on Manchester City sets a powerful precedent. If the authorities are willing to crack down on financial irregularities, it could lead to a wave of similar prosecutions. This, in turn, could have a major impact on the global economy, particularly in regions where financial transparency is already a major concern.

Manchester City's financial breaches are just the latest in a long line of scandals to rock the world of football. The FIFA corruption scandal, which led to the arrest of several high-ranking officials, is just one example. The UEFA financial fair play scandal, which has led to the suspension of several clubs, is another. And let's not forget the ongoing debate about the role of money in football, with many arguing that the sport has become too commercialized and that the integrity of the game is being compromised.