Man City Guilty of Financial Breaches

Manchester City faces substantial sanctions after an independent panel found the club acted in bad faith and broke numerous rules over financial fair play. Sources confirmed to the Guardian that City had been found guilty on almost all of more than 100 charges. biznow.biz

The club insists it is innocent and plans to appeal against the verdict, expressing surprise at the timing as they claim the process is still ongoing. The Premier League has not issued an official statement regarding the case.