Manchester City charged with numerous breaches of financial rules - Newcastle United owners watch on with interest

Manchester City charged with numerous breaches of financial rules – Newcastle United owners watch on with interestManchester City charged with numerous breaches of financial rules – Newcastle United owners watch on with interestSome stunning breaking news on Monday morning, Manchester City charged by the Premier League with numerous breaches of financial rules.Football finance experts describing this Manchester City news as unprecedented.

As for what Chelsea are up to since their new owners took over…we can only wonder what will be the case with them down the line.In accordance with Premier League Rule W.82.1, the Premier League confirms that it has today referred a number of alleged breaches of the Premier League Rules by Manchester City Football Club to a Commission under Premier League Rule W.3.4.1.

3. In respect of each of Seasons 2013/14 to 2017/18 inclusive, the Premier League Rules applicable in those Seasons requiring a member club to comply with UEFA’s regulations, including UEFA’s Club Licensing and Financial Fair Play Regulations, namely: for Seasons 2014/15 to 2017/18 inclusive, Premier League Rule B.15.6.

5. In respect of the period from December 2018 to date, the Premier League Rules applicable in the relevant Seasons requiring a member club to cooperate with, and assist, the Premier League in its investigations, including by providing documents and information to the Premier League in the utmost good faith, namely: for Season 2019/20, Premier League Rules B.16, B.19, W.1, W.2, W.12 and W.13; for Season 2021/22, Premier League Rules B.15, B.18, W.1, W.2, W.15 and W.

Source: Loan Digest (loandigest.net)

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