Man City Used "Sham" Contracts to Inflate Revenue, Premier League Says

MT Newswires Live09-30 07:08

Manchester City arranged "sham" contracts with commercial partners, funded in part by owner Abu Dhabi United Group Investment & Development Ltd., to inflate revenue and reduce costs by more than 900 million pounds between the 2009-10 and 2017-18 seasons, the Premier League said Tuesday in a statement, citing an independent commission's findings.

The commission found City guilty of all charges tied to serious breaches of the league's financial rules, and of most charges related to failing to cooperate with the investigation, it said in the statement.

It also found the club filed misstated accounts and breached both Premier League and UEFA spending limits, the league said.

The commission found City "made concerted efforts to stop and frustrate" the investigation, upholding three of four alleged breaches of the duty of cooperation. Sanctions will be decided at a separate, private hearing before the commission. City has until Friday, Oct. 2 to appeal.

Man City has rejected the findings, and has promised to continue fighting the guilty changes.

Manchester City and Abu Dhabi United Group Investment & Development did not immediately respond to requests for comment from MT Newswires.

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