Manchester City found guilty of financial rule breaches by Premier League

The Premier League's independent commission ruled that Manchester City has been found guilty of inflating sponsorship income as part of a scheme to reduce the visibility of substantial financial losses over nine seasons. The ruling details a 'disguised funding scheme' that allowed the club's owners to hide over £830 million in sponsorship funding. City reportedly entered into sponsorship agreements at inflated values to mislead regulators about their financial standings. While the club denies the allegations, the commission rejected their defense as constructed to obscure the real nature of the funding scheme. A 40-page document explains the findings and the timeline of how the scheme was executed.

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