Manchester City guilty of financial breaches. They will appeal the ruling

Manchester City have been found guilty of all charges concerning serious breaches of Premier League financial regulations by an independent commission. The club has announced its intention to appeal the ruling, with a deadline set for October 2. The appeal will be reviewed by a new three-person commission, as outlined in section W of the Premier League rules.

While the appeal is in progress, a separate hearing will be held to determine the sanctions that may be imposed on Manchester City. The timing of this hearing remains uncertain, but the Premier League aims to resolve the matter within the current season. The league will propose what they believe the punishment should be, while City will present their counterarguments.

The Premier League's statement indicated that the sanction hearing will be confidential until the outcome is allowed to be published. The potential punishments could range from fines to points deductions, and other sporting sanctions may also be considered. The league does not have a fixed set of sanctions for financial breaches, as clubs opted against this due to concerns over rule-breaking.

Manchester City has expressed disappointment and surprise at the commission's findings, asserting their innocence and claiming to possess irrefutable evidence to support their position. The club intends to pursue all available legal avenues, arguing that the commission's opinion contains significant errors. They have emphasised their commitment to due process throughout the lengthy investigation.

via Sky Sports