Manchester City guilty of using ‘sham’ deals to distort finances, Premier League says

Manchester City used “sham” commercial contracts as part of schemes ⁠to inflate revenue and understate costs by more than £900 million over nearly a decade, ⁠the Premier League said on Tuesday after an independent commission ruled the club guilty of serious breaches of financial rules. The commission found City guilty of all charges relating to breaches of the league’s financial rules over nine seasons, between the 2009-10 and 2017-18 campaigns, as well as three of four charges concerning their...