A general view of the Etihad Stadium
An update has been issued over Manchester City's trial regarding alleged breaches of Premier League financial rules (Image: Anna Gowthorpe/REX/Shutterstock)
The hearing into Manchester City's trial over alleged breaches of Premier League financial rules has reportedly concluded.
City were charged with 115 charges in February 2023 for allegedly breaching the league's Financial Fair Play rules, a claim they have vehemently denied. If found guilty of violating the English top-flight's financial regulations between 2009 and 2018, the reigning English champions could face severe repercussions, such as relegation, a significant points deduction, hefty fines, or even the stripping of titles.
The proceedings kicked off in September and have been taking place at the International Dispute Resolution Centre in London (IDRC). The Daily Mail now claim that closing arguments for the case concluded on Friday with a three-man panel considering evidence before delivering a verdict in the coming months.
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Reports last week claimed that a minority of clubs within the Premier League are pushing for relegation if the most serious charges are proven. However, the Independent report that is unlikely as such a move would require a special shareholders meeting and vote of 15.
It is reported that is not expected to be a situation witnessed this season due to the near certainty that one of the sides will appeal the outcome.
The Times recently suggested it is unlikely the verdict will be announced before the end of the 2024/25 Premier League season. Meanwhile, a report from the Daily Mail claimed a conclusion could be reached in the 'spring or summer.'
Of the 115 charges, 54 relate to allegations against the club for failing to provide accurate and up-to-date financial reports to the league from 2009/10 to 2017/18. A further 35 charges are related to the club's alleged failure to cooperate with the Premier League's investigation between December 2018 and February 2023.