Sunday, December 10, 2023

Premier League Investigating Manchester City For ‘Breaching’ Financial Fair Play Regulations

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The Premier League is investigating Manchester City for allegedly breaching financial fair play rules. On Thursday, Uefa said it was looking into “several alleged violations”concerning FFP at the club.City claim the allegations are “entirely false” and on Friday, manager Pep Guardiola insisted the situation would not affect his legacy. The Premier League now says it is investigating financial matters and academy player recruitment at City. German news magazine Der Spiegel has published a series of claims, based on leaked documents, that Premier League champions City have violated FFP rules. “The Premier League has previously contacted Manchester City to request information regarding recent allegations and is in ongoing dialogue with the club,” a Premier League statement read.“The league has detailed financial regulations and strong rules in the areas of Academy player recruitment and third-party ownership. We are currently investigating these matters and will allow Manchester City every opportunity to explain the context and detail surrounding them.” City won the Premier League in 2017-18 and currently top the table. This season they have been investigated by the Premier League, Uefa, Fifa – over allegations they broke third-party ownership rules – and the Football Association, over the claims relating to a payment to Sancho’s agent. The club claims allegations in Der Spiegel are “resulting from the illegal hacking and out of context publication of City emails”. FFP rules are designed to ensure the amount clubs spend on their players and wages is approximately equal to what they earn in commercial revenue and prize money.Photo Credit: Getty

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