Man City release official statement following alleged financial breaches

A four year investigation has found Man City in breach of financial rules

Manchester City have released their first statement since the news that they are to be charged by the Premier League for 'numerous breaches' of financial rules. News on Monday confirmed that after a four-and-a-half year investigation, City will be charged and could face sanctions which include a points deduction and even expulsion from the Premier League. In a statement, they said: "In accordance with Premier League Rule W.82.1, the Premier League confirms that it has today referred a number of alleged breaches of the Premier League Rules by Manchester City Football Club (Club) to a Commission under Premier League Rule W.3.4. "Commissions are independent of the Premier League and member clubs. The members of the Commission will be appointed by the independent Chair of the Premier League Judicial Panel, in accordance with Premier League Rules W.19, W.20 and W.26. "The proceedings before the Commission will, in accordance with Premier League Rule W.82, be confidential and heard in private. Under Premier League Rule W.82.2, the Commission’s final award will be published on the Premier League’s website. "This confirmation is made in accordance with Premier League Rule W.82.1. The Premier League will be making no further comment in respect of this matter until further notice." https://twitter.com/ManCity/status/1622569537412517888 A statement from the Premier League champions revealed that they were "surprised" by the outcome of the decision. It said: "Manchester City FC is surprised by the issuing of these alleged breaches of the Premier League Rules, particularly given the extensive engagement and vast amount of detailed materials that the EPL has been provided with.