From the Guardian · · 50s
Manchester City found guilty of £900m sham contracts
Premier League rules breached by Manchester City's fake contracts.
In brief
Premier League rules breached by Manchester City's fake contracts. Manchester City admitted creating fake contracts to inflate revenue by £900m over nine years, facing sanctions including title stripping. Originally reported by the Guardian.
Verdict
Manchester City found guilty of nine-season financial rule breaches.
Sham contracts
Created fake contracts to inflate revenue by more than £900m.
Funding scheme
Abu Dhabi group funded remainder of contracts.
Club response
Deny wrongdoing and will appeal before Friday deadline.
CEO statement
Claimed Premier League conspiracy theory about funding.
League reaction
Premier League calls it most significant ruling in history.
Next steps
Sanctions including title stripping to be decided.
The takeaway
Manchester City admitted creating fake contracts to inflate revenue by £900m over nine years, facing sanctions including title stripping.
