An independent panel found City guilty on all but one of the charges following a multi-week hearing last year, according to The Athletic. The club was initially charged in 2023 over alleged breaches between 2009 and 2018. Roughly two-thirds of the charges related to breaches of financial reporting and profit and sustainability rules, with the remainder concerning failure to cooperate with the Premier League's investigation.
The Premier League has so far declined to comment or confirm the reports. Manchester City released a statement on Friday saying the process "remains ongoing with significant elements to be completed." The club added that it had "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."
Other Premier League clubs have reportedly been informed of the decision. The verdict covers a period in which City won three league titles, the FA Cup and three League Cups, driven by the investment of Sheikh Mansour bin Zayed Al Nahyan, who bought the club in 2008.
Past financial breaches have resulted in points deductions for clubs, and speculation has already begun about whether City could be stripped of titles. Former Manchester United defender Rio Ferdinand, whose club finished as runners-up to City in 2011-12, wrote on social media on Friday: "Another Premier League medal to be added to the cabinet."