Sport
Man City 'learned guilty verdict' before £440m summer spending spree
The Mirror · 3 hours ago · Read the Full Story on The Mirror
AI SUMMARY
Manchester City allegedly learned of their guilty verdict in Premier League financial breach cases months before undertaking a £440m summer transfer spending spree.
- Manchester City were found guilty of 114 out of 115 Premier League financial charges brought against them in 2023.
- Club executives were reportedly made aware of the independent panel's guilty verdict back in July, months before the news broke on Friday.
- City spent a reported £440m on seven senior signings following the verdict.
- The club broke their transfer record twice by signing Elliot Anderson from Nottingham Forest for £116m and Enzo Fernandez from Chelsea for £125m.
- Other signings included Iliman Ndiaye, Ayyoub Bouaddi, Allan, Jeremy Monga, and Geronimo Rulli.
- City declined to comment, while the Premier League stated it would not comment due to the confidential nature of the process.
- Manchester City are expected to appeal the verdict.
- Club chairman Khaldoon Al Mubarak released a letter thanking fans and insisting the club will continue to fight.
- CEO Ferran Soriano suggested the legal process will take much more time, noting it has already taken eight years to reach this point.
- Potential penalties being discussed include fines, transfer embargoes, points deductions, relegation, and being stripped of titles won between 2009 and 2018.
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