Man City found guilty of breaking financial rules

Manchester City have been found guilty of breaking the majority of the 115 financial rules they were accused of breaching.

The Athletic , external is reporting that the sanctions have not been decided but that the independent panel has reached its decision, finding the club guilty of all but one count.

Asked if the report was correct, City did not comment either way.

Instead they released a statement saying the "Premier League process remains ongoing with significant elements to be completed, and subject to strict confidentiality".

"The club has diligently respected due process for eight years on the basis that the Premier League board and executive would behave as an independent, impartial and fair-minded regulator, free from partisan influence," it added.

BBC Sport has also been told that, in the event of being found guilty, City will appeal against the findings.

Other Premier League clubs are believed to have been informed about the independent panel's decision and have sought legal advice as to whether they would have a compensation claim.

In February 2023, City were charged with more than 100 breaches of the Premier League's financial rules following a four-year investigation.