Well, this is the day Manchester City’s long-running Premier League financial case finally moved from allegations to findings.
And the details are extraordinary.
The Premier League has confirmed that an independent commission found Manchester City guilty of the charges relating to serious breaches of the competition’s financial rules covering the nine-season period from 2009/10 to 2017/18.
The commission also upheld the majority of the charges concerning City’s failure to cooperate with the Premier League’s investigation.
There is an important distinction here.
This is not a sanction announcement.
The punishment will be dealt with separately, and Manchester City have the right to appeal the commission’s findings.
But the independent commission’s findings themselves are now public.
And some of what has been described is incredibly serious.
The £900m figure is staggering
According to the Premier League, the commission found that Manchester City used what it described as “sham” commercial arrangements with a number of sponsors.
The Premier League says these arrangements were used to artificially increase the club’s reported revenues and reduce its costs.
The commission found that some sponsorship payments were only partially funded by the commercial partners, with the remainder being provided by Abu Dhabi United Group Investment & Development Ltd, the company that owned the club.
There were also other arrangements involving funding from ADUG which, according to the findings, allowed City to record lower operating expenses than they had actually incurred.
The Premier League says the overall effect of these schemes was to artificially inflate revenues and reduce costs by more than £900 million during the affected period.
That’s not a small accounting discrepancy.
The commission concluded that City had failed to accurately report its income and expenditure for the purposes of the Premier League’s financial rules and UEFA’s Financial Fair Play regulations.
It also found that, had the agreements been reported accurately, Manchester City would have breached both sets of spending limits by a “very substantial amount”.
Those are findings from the independent commission, not allegations being repeated by a newspaper.
And that distinction matters.
Then there is the cooperation issue
Perhaps the other part of this case that Liverpool supporters will be watching closely is City’s conduct during the Premier League investigation.
The league said the independent commission found three of the four alleged breaches relating to City’s duty to cooperate and act in good faith.
The commission concluded that City had made what the Premier League described as “concerted efforts” to stop and frustrate its investigation.
Richard Masters, the Premier League’s chief executive, said the decision establishes the facts of what happened during the period and described it as the most significant disciplinary case in Premier League history.
But even the Premier League is stressing that there is still more to come.
The sanction has not been decided.
And City can appeal.
So anyone saying today that a particular punishment is definitely coming is getting ahead of the process.
Liverpool fans will naturally look at the bigger picture
This is where I think things get particularly interesting for Liverpool supporters.
Liverpool finished second behind Manchester City in the Premier League in 2013/14, 2018/19 and 2021/22, while also running City incredibly close during several other title races.
The two points dropped by Liverpool here. The one point there. The 97-point season that still wasn’t enough.
Fans have spent years wondering what these financial allegations could eventually mean for the Premier League’s history.
Now we have an independent commission finding serious breaches over nine seasons.
But we still don’t know what happens to the results and honours from those seasons.
That question remains part of the next stage.
And I think Liverpool supporters should be careful about jumping straight to claims that titles will automatically be handed over or removed.
That’s not what today’s announcement says.
What it does say is that the commission has found serious financial rule breaches and that the sanction will now be considered separately.
That’s already a massive development.
My personal view
I’ll be honest about where I stand on this.
If the independent commission has found that Manchester City deliberately circumvented Premier League financial rules on this scale, then I believe the punishment should be harsh.
Not because I’m a Liverpool supporter and not simply because City have been competing with Liverpool for trophies.
It’s because rules only mean something if there are serious consequences for breaking them.
The financial figures involved are enormous. The commission has found that City’s arrangements artificially inflated revenues and reduced costs by more than £900m, while the club was also found to have breached its cooperation obligations during the Premier League investigation.
For me, that deserves a punishment that reflects the seriousness of the findings.
At the same time, though, I genuinely feel sorry for Manchester City supporters.
And I don’t say that lightly as a Liverpool fan.
No ordinary supporter decided how sponsorship agreements were structured. They didn’t prepare the accounts. They weren’t responsible for the club’s dealings with the Premier League.
They went to matches. They bought shirts. They travelled around the country supporting their team. They celebrated the goals and trophies just like every other football supporter.
Now they are having to deal with the feeling that the club they love has been labelled a cheat.
No supporter deserves that feeling.
You can believe Manchester City should be punished severely while also recognising that the supporters aren’t responsible for what happened behind the scenes.
That’s an important distinction for me.
Football is tribal and we all have our rivalries, but supporters shouldn’t be the target of the anger.
City will fight this
Manchester City have made their position very clear.
The club has the right to appeal the commission’s findings and has until Friday, October 2, to exercise that right.
So this story isn’t finished.
Far from it.
The independent commission has delivered its findings, but there is still an appeal process and a separate sanction stage to come.
And that means Liverpool fans, along with supporters of every other Premier League club, are going to have to wait a little longer before knowing the full consequences.
But today is different from all the years of rumours and speculation.
For years, we have heard about the 115 charges.
Now an independent commission has actually ruled on them.
And the findings are incredibly serious.
The Premier League says Manchester City breached its rules over a nine-season period, used financial arrangements that the commission deemed to be sham agreements, misstated its accounts and breached its duties of cooperation during the investigation.
What happens next could have enormous consequences for Manchester City and the Premier League.
I want to see a punishment that reflects the seriousness of what the commission has found.
But I also hope we don’t lose sight of the supporters caught in the middle of it.
Because whatever happens from here, they didn’t make these decisions.
They just supported their football club.
Jamie (The Kopite View)
