An important new development regarding the 115 charges case against Manchester City has been disclosed by a financial advisor.
In February of 2023, the Premier League filed charges against City for 115 alleged violations of financial rules. Of those, 54 were related to the club’s failure to provide financial information that was up to date.
‘Body of irrefutable evidence’ has been provided by City as part of their defence, and the city has stated that they have not committed any wrongdoing.
The charges were being investigated in a private hearing that took place between September and December of the previous year.
It was stated by the club’s manager, Pep Guardiola, in February that the club anticipated that a verdict would be announced within the following month; however, there has been no announcement made as of yet.
It is possible for either party to file an appeal against a verdict once it has been rendered, which means that an official decision will not be made for a considerable amount of time.
A representative from The Athletic named David Ornstein stated to NBC that the club is “completely certain that they will be vindicated and demonstrate their innocence.”
The potential punishments for City include fines, points deductions, and even, in the most severe scenario, relegation from the Premier League. If City is found guilty of any charges, the potential punishments include all of these things.
A new update has been provided by Stefan Borson, a former financial advisor for the City of London who has been providing consistent commentary on the case ever since it was first announced. This new update is based on information that Borson ‘has heard’.
In an interview with Football Insider, Borson asserts that a decision is still “not close,” and that “nobody knows” when an announcement will be made.
In addition to this, he expressed his disapproval of the hearing procedure, claiming that it “has not been handled well” in certain aspects.
It was explained by him that what you are dealing with is a circumstance in which it could occur at any time. Not only is this something that is very significant for the future of football, but it is also very significant for the future of Manchester City employees.
Because you would think that, if a lot of this stuff goes against City, then there would have to be some adjustments to City’s cost base, which, as we know from what’s happened at United, can involve real people and real jobs. “Because you would think that the cost base of City would need to be adjusted.
Within that context, I do not believe that it has been handled very well.
After having a number of conversations over the course of the past week, I can tell you that nobody is aware of it.
“This is a very well-kept secret, and nobody has any indication that it will arrive at a specific time,” the speaker said. Because of the things that they have heard, nobody believes that it is particularly close.
“It will simply roll down. Despite the fact that it does not appear to be the most effective method of doing things from the Premier League and City’s point of view, this is the procedure that we have established.
115 charges against Manchester City in their entirety
The following is a comprehensive list of the charges that have been brought against City by the Premier League. United European Football Association (UEFA) is involved in a minority of the charges.
Because of a reporting error that occurred at the time of the initial announcement, the Times reported in December that the actual number of charges is 130. This was due to the fact that the Premier League had made the announcement. Regarding this matter, the Premier League has not provided any comments.
The failure to provide financial information that is accurate and up to date from 2009-2010 to 2017-2018, including the current year, is the subject of 54 alleged breaches.
From December 2018 until the present day [February 2023], the individual has not cooperated with investigations conducted by the Premier League. thirty-five alleged violations
There have been 14 alleged violations of the agreement regarding the failure to provide accurate financial reports for player and manager compensation from 2009/2010 right up until 2017/2018.
From the 2015–2016 season up until and including the 2017–2018 season, there were seven alleged violations of the Premier League’s profitability and sustainability regulations.
Infractions of UEFA’s regulations, including UEFA’s Club Licensing and Financial Fair Play Regulations, with five alleged violations for failure to comply with these regulations
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