Premier League boss Richard Masters released a statement Tuesday after Manchester City was found guilty of 'systematically' breaking rules to gain an extra $1.2 billion over a nine-year period
A general exterior view of Etihad Stadium, home stadium of Manchester City ahead of the Premier League 2026/27 match between Manchester City and Coventry City
Manchester City was found guilty of the Premier League charges(Image: (Photo by Robbie Jay Barratt - AMA/Getty Images))
Manchester City was found guilty of all charges related to serious breaches of the Premier League's financial rules that spanned almost a decade and resulted in more than $1.2 billion in extra funds.
On Tuesday, the Premier League released a lengthy statement and found that the club also failed to cooperate with the league during its investigation. The statement also noted that City filed misstated accounts and concealed the "true state of its finances from its auditors and football regulators."
In response, Richard Masters, Chief Executive of the Premier League, commented on the charges, which helped the embattled club garner an extra $1 billion through various schemes and "sham" agreements and contracts.
"The core decision establishes the facts of what happened at Manchester City during this period," Masters' statement began. "It details how the club systematically broke Premier League Rules for nearly a decade.
“It also vindicates the Premier League’s decision to pursue this case against Manchester City. While the process to date has been both long and difficult, the League has remained determined that the facts be established independently.
“It is a key responsibility of the Premier League to ensure that the Rules, approved by the clubs themselves, are upheld to protect the integrity of the competition. It is paramount that the League remains competitive and fair for all clubs and for the fans. We take that role extremely seriously.
The Manchester City and Premier League badges after Manchester City found guilty of breaches of Premier League financial rules on September 26, 2026 in Manchester, England
The Premier League found Manchester City guilty of all charges, stemming from the 2009/10 season to 2017/18(Image: Photo by Visionhaus/Getty Images)
“This disciplinary case, and this decision, are the most significant in Premier League history. There are elements of the case that remain to be decided, including, importantly, what sanction must follow for these breaches. Now we have the Commission’s decision, we are committed to moving swiftly through the remainder of the process, to provide certainty for the League, our clubs and fans.”
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