Manchester City have been found guilty of 114 out of 115 charges relating to alleged breaches of Premier League financial rules, according to multiple reports.
The verdict was delivered by an independent panel following a hearing that examined allegations against the club dating back to 2009.
No sanctions have been announced, while City are expected to appeal the decision.
The potential penalties under Premier League rules include a points deduction, an unlimited fine or expulsion from the competition.
The league and Manchester City have yet to publicly comment on the reported decision.
The club was charged in February 2023 after a four-year investigation by the Premier League.
The allegations included claims that City failed to provide accurate financial information between the 2009-10 and 2017-18 seasons.
City were also accused of breaching UEFA’s financial fair play regulations between 2013-14 and 2017-18, as well as Premier League profit and sustainability rules between 2015-16 and 2017-18.
The hearing began in September 2024 and continued until the end of that year.
At the time, Manchester City manager Pep Guardiola said he was eager for the case to be resolved.
“I am happy that it starts on Monday,” Guardiola said in a press conference. “I know there will be more rumors and new specialists about the sentences will come up. We are going to see. I know what people are looking for, I know what they are expecting.”
Guardiola continued: “Everybody is innocent until guilt is proven. An independent panel will decide, and I’m looking forward to the decision.”
The case is not the first time City have faced financial-related allegations.
In 2020, the club was initially handed a two-year ban from European competition for what UEFA described as “serious breaches” of its financial fair play rules.
The Court of Arbitration for Sport later overturned the ban and reduced the accompanying $34m fine to $11.3m, ruling that City had failed to cooperate with UEFA.
