Arsenal, United, Liverpool, and Spurs to sue Manchester City over financial breaches

Arsenal, Manchester United, Liverpool, and Tottenham Hotspur are pursuing legal action against Manchester City after the club was found guilty of breaching financial regulations. The potential class action lawsuit could seek damages exceeding $1 billion, as clubs argue they missed out on UEFA Champions League qualifications and suffered commercial losses. A 40-page legal document details Manchester City's alleged financial misconduct, prompting rival teams to reserve their rights to sue. Up to four years of backdated claims could be possible, especially for clubs relegated during the period of City's alleged deception. Sports law experts suggest that various clubs may join the legal challenge, arguing against both Manchester City and the Premier League for not acting sooner.

• 9:41 PMYahoo Sports — Manchester City could face $1 billion-plus bill as Arsenal, United, Liverpool, and Spurs to sue