Premier League Soccer team accused of breaching financial rules


Jorden McVeagh, Editor 

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One of the top soccer leagues announced today that one of their clubs had a major violation of their league’s financial rules. I am speaking of the Premier League and one of their most well-known teams, Manchester City. The league opened Monday with the announcement the club had misrepresented the club’s current financial situation, and that it doesn’t provide a “true and fair view of the club’s financial position.” All of this relates back to their revenues from the 2009-10 up to the 2017-18 seasons. This was not the only lagging factor in their reports. It was also stated that Man City had failed in their duty to provide both manager and player pay for the 2009-2012 seasons and 2010-2016 seasons respectively. As if this wasn’t enough, they also failed to help or assist the legal investigations in this matter over the past four years which breaches the Club Licensing and Financial Fair Play Regulations between 2013 to 2018 under the Union of European Football Associations. As a result of the allegations there will be a private commission appointed by the chair of the Premier League. According to a statement the club gave the BBC, they are surprised over the current issues that the allegations are accusing them of breaking given what the club has turned over to the rules committee thus far. However, this is not indicative of the ruling of the case. Throughout history we have seen multiple people and companies in the same position who have said things like Man City. They also said that they are welcoming the idea of a private commission reviewing the materials they provided for review. Once again, something countless people and companies have said before. Now that all the legislative stuff is out of the way, what could this mean for the team and the Premier League? Man City has worn the crown in the Premier League in four of the past five seasons making them one of the most popular clubs in the world, not that they weren’t already. They are also carrying some of the most popular players in the world in Erling Haaland and Jack Grealish. The pairing of these two would mean a tremendous amount of revenue being generated by the club in both ticket sales, championship merchandise and regular team merchandise. It will be interesting to see what happens to these numbers as the findings of the committee come out in due time. If I were to throw my two senses in I don’t think either will be negatively impacted. Man City is a historic organization with a diehard group of fans. I would have a hard time believing they would lose fans through these allegations or findings, but you never know. What sets one person over the edge and what sets someone else over the edge are two different tipping points, so it is hard to tell what will happen regarding sales of tickets and jerseys

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