Manchester City have offered an update on the situation in their financial report released this week. The club said: "As at the date of publishing these statements, the independent commission is still in the process of reviewing the matter. Based on their evaluation of the Group’s prospects and viability, the Directors confirm that they have a reasonable expectation that the Group will be able to continue in operation and meet its liabilities as they fall due within the 12 months following the approval of these financial statements. Consequently, the financial statements have been prepared on a going concern basis."
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