Manchester City Used Sham Sponsorships in £900 Million Financial Cheating Scheme
· Sports · Telegraph India, Financial Times
Manchester City utilized sham sponsorships to inflate revenues as part of a £900 million financial cheating scheme, according to reports. The Premier League club allegedly routed funds through related parties to bypass financial fair play regulations over several seasons. The allegations form a central part of the ongoing legal and regulatory scrutiny facing the club. Manchester City has consistently denied any wrongdoing regarding its commercial partnerships and financial reporting. The Premier League's independent disciplinary panel is tasked with reviewing the evidence surrounding the transactions.
Why it matters
The outcome of the financial charges could result in unprecedented penalties for Manchester City and reshape enforcement of Premier League financial rules.
Read the original report — Telegraph India
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