Manchester City are currently in a significant legal battle that could have profound implications for their future, as the club faces 115 charges related to breaches of Financial Fair Play (FFP) regulations.
The most serious allegations involve the failure to provide accurate financial information over nearly a decade (2009-10 to 2017-18). These charges, if proven, could lead to severe penalties, including potential relegation from the Premier League.
The charges against the Citizens stem from a lengthy investigation following allegations first reported by Der Spiegel.
Among the 115 charges, 54 relate to the club’s alleged failure to provide accurate and up-to-date financial information. The club has vehemently denied all the allegations.
Thus, their legal strategy will involve a robust defense against the charges; with the likelihood of an appeal if the initial ruling goes against them.
If the Premier League holders are found guilty of the charges, the consequences could be severe. Relegation from the English top flight, fines, and point deductions are among the possible penalties.
The scale of the potential punishment reflects the gravity of the allegations, particularly those related to financial misrepresentation.
Possible extension of 115 charges case until 2025
An impartial panel will deliberate on the matter. It is likely the hearing will begin in mid-to-late September 2024 and last approximately 10 weeks.
Though a decision could come in early 2025, it can drag on beyond that if either side chooses to appeal.
According to ex-City financial adviser Stefan Borson, the complexity of the case means that any appeal process could drag on; potentially delaying a final resolution until well after the current season.
Borson highlighted that the nature of the commission’s decision could make it difficult for either party to appeal successfully.
“It’s very complicated because there is inevitably going to be an appeal…
Source link : https://worldsoccertalk.com/news/city-to-appeal-115-charges-case-could-drag-on-until-mid-2025/
Author : Martina Alcheva
Publish date : 2024-08-24 18:54:43
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