Man City charges LIVE updates: Premier League statement, £830m scheme, verdict confirmed, tell me about this news in (https://www.manchestereveningnews.co.uk/sport/football/football-news/man-city-charges-live-sanctions-34691802)

Manchester City have been found guilty by an Independent Commission of the vast majority of the Premier League charges brought against them following a massive, multi-year legal investigation.

Key details of the developments include:

• The Verdict: An independent panel found Manchester City guilty of all but one of the alleged rule breaches spanning across multiple seasons from 2009/10 to 2017/18.

• The £830m Scheme: The panel concluded that the club utilized a “Disguised Funding Scheme” involving “sham contracts” with commercial partners. This system was found to have improperly declared nearly £950 million as commercial sponsorship revenue when only a small fraction was actual base fee payments from Abu Dhabi sponsors, leading to an overstatement of the club’s income by more than £830 million over the period.

• Spending Limits and Cooperation: The findings indicate that Manchester City significantly breached both Premier League and UEFA spending limits during these seasons and fell short in cooperating fully with the investigation.

• Premier League and Club Statements: Both the Premier League and Manchester City have released statements responding to the outcome. The club maintains its stance and continues legal avenues as the process moves toward potential sanctions and further publication of appendices by the league.