Man City face second investigation and owners could be forced to sell up
Manchester City's owners have been warned they could be forced to relinquish control of the club by football's new independent regulator. City were found guilty in September by an independent commission of all charges relating to Premier League financial rule breaches. The Etihad outfit, which has lodged an appeal, was deemed to have artificially inflated its revenue by £900million through 'sham' contracts from the 2009/10 season to 2017/18.
TL;DR
- The new independent football regulator can force Manchester City's owners to relinquish control of the club.
- David Kogan, Chair of the Independent Football Regulator, stated they have 'absolute power' to ask owners to step away if they run a club unfitly.
- This warning follows Manchester City being found guilty of financial rule breaches by an independent commission.
- The club is accused of artificially inflating revenue by £900 million through 'sham' contracts.
- The regulator will judge the actions of individuals involved with the club.