The Premier League has found Manchester City guilty of almost all of the 115 charges of breaching its financial rules in a damning verdict presented by the top flight of football in England. The league said City broke its rules from 2009 to 2018, including by using “sham” commercial contracts “to artificially inflate the club’s revenues, and reduce its costs, by more than 900 million pounds [$1.2bn]” of secret funding from its Abu Dhabi-based owners. It added that the commission had found City used schemes during the affected period to appear to comply with financial rules. “This disciplinary case and this decision are the most significant in Premier League history,” said Richard Masters, the league’s chief executive.
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