Man City guilty of almost all the 115 financial charges, Premier League says in explosive verdict

Manchester City has been found guilty of almost all of the unprecedented 115 charges of financial wrongdoing it faced, the Premier League confirmed on Tuesday, in one of the biggest scandals in English soccer history.

City, the most successful team in England for the past 15 years and the current Premier League leader, now faces severe sanctions that could include a huge points deduction or even expulsion from the world's most popular soccer league, causing huge reputational damage to its Abu Dhabi ownership.

The explosive verdict by an independent commission — which was reported by a number of British media outlets on Friday — “details how the club systematically broke Premier League rules for nearly a decade,” Premier League chief executive Richard Masters said in a case that was initiated by the competition more than three years ago and first arose in 2018 from leaked club emails and documents.

City said it was “disappointed and surprised” by the commission's verdict, that it was “innocent of the accusations made by the Premier League” and will be “relentless” as it pursues avenues to appeal.

City was accused of a raft of financial violations from 2009-18 — a period when the northwest club, long in the shadow of great rival Manchester United, was transforming itself into a record-breaking global superpower that has won multiple Premier League titles and the Champions League.

The violations included failing to provide accurate financial information and submitting inflated figures for sponsorship deals out of Abu Dhabi, hiding payments that supplemented salaries of managers and players, and breaching financial rules established by the Premier League and UEFA, European soccer’s governing body, aiming to keep clubs financially stable by not spending beyond their means.

On top of that, City faced many other charges of failing to cooperate with the investigation between 2018-23.

"An independent commission has found Manchester City guilty of all charges related to serious breaches of the Premier League’s financial rules over a nine-season period,” the league said, “and the majority of charges in relation to its failure to co-operate with the league’s investigation.”

Regarding the sponsorship deals, the league said: “Manchester City arranged ‘sham’ contracts (which misrepresented the true agreement between the parties) with a number of its commercial partners, as well as relying on ‘sham’ agreements with others, to artificially inflate the club’s revenues and reduce its costs.

“The club,” the league added, “filed misstated accounts and concealed the true state of its finances from its auditors and football regulators.”

The purpose of City's “schemes” was found to have been to “artificially inflate the club’s revenues, and reduce its costs, by more than £900 million ($1.19 billion) during the affected period, to appear to comply with financial rules,” the league said.

The finding suggests that City’s rise to the top of the English game, fueled by investments from Abu Dhabi that delivered by its expensively assembled, star-studded squads, was achieved at lest in part by evading the league’s financial regulations.

The Premier League said sanctions will be decided in a separate hearing held by the independent commission.

Any appeal by City would have to be made by Friday, the league said.

Tuesday's verdict is set to bring chaos to English soccer in general, triggering a slew of lawsuits from rival clubs calling for compensation for having been impacted by City’s actions.

There’s also the question of whether City’s top stars, like Erling Haaland and Rayan Cherki, will stay at the club and what the future holds for Sheikh Mansour bin Zayed Al Nahyan. He is the deputy prime minister of the United Arab Emirates and a member of Abu Dhabi’s royal family who bought City in 2008 and has gone on to own a group of worldwide teams — under the City Football Group banner — including New York City FC and Melbourne City.

City has always protested its innocence in the case, saying in 2023 when the charges were laid that there was a “comprehensive body of irrefutable evidence that exists in support of its position.”

Even over the weekend, City chairman Khaldoon Al Mubarak said there remained a ”confidence and intent in proving the club’s innocence.”

The appeal could end up in the High Court in London if City feels the process in the case was unfair and/or impartial.

See AP’s full soccer coverage here

FILE - A groundsman disinfects a corner flag ahead of the English Premier League soccer match between Manchester City and Burnley at Etihad Stadium, in Manchester, England, Monday, June 22, 2020. (AP Photo/Martin Rickett,Pool, File)

FILE - A banner celebrating their title win is illuminated outside Manchester City's Etihad stadium in Manchester, England, Saturday, May 20, 2023. (AP Photo/Jon Super, File)

FILE - The club logo decorates a corner flag before the English Premier League soccer match between Manchester City and Newcastle United at the Etihad Stadium in Manchester, England, Saturday, Sept. 1, 2018. (AP Photo/Jon Super, File)

WASHINGTON (AP) — Americans’ confidence in the economy sank to the lowest level in more than a decade this month as prices remain elevated and wages stagnate amid the ongoing Iran war.

The Conference Board said Tuesday that its consumer confidence index tumbled 6.7 points to 81.9 in September, down from 88.6 in August. That’s the lowest reading in the board's survey since April 2014 and below the lowest level reached during the pandemic.

Respondents’ views of their present situation fell by 7.9 points to 109.3. Their short-term outlook also slid, falling 5.9 points to 63.6.

Americans remain flustered by the economy after five years of elevated inflation, potentially posing a risk to President Donald Trump and Republicans in the midterm elections, which are a little more than a month away.

Write-in responses to the board’s survey, collected from September 1-23, were mostly pessimistic this month, with frequent references to the high cost of gas, goods and services.

“The Consumer Confidence Index deteriorated notably in September, following two prior months of softening,” said Dana Peterson, the Conference Board’s chief economist, adding that consumers’ views of current business conditions became negative for the first time since September 2024.

Trump has continued to blame high prices on his predecessor, Democrat Joe Biden, yet inflation has risen since Trump’s inauguration last year.

Earlier this month, the government reported that consumer inflation accelerated last month and gas prices spiked as fighting in the Middle East dragged on. The consumer price index rose 3.4% last month compared with a year ago, the Labor Department said Friday, just like July. But inflation quickened month to month as costs jumped 0.4% from July, quadrupling the 0.1% registered in the previous month.

The Federal Reserve two weeks ago raised its benchmark interest rate for the first time since 2023 in an effort to quell stubbornly high inflation, and the central bank signaled another rate hike could occur later this year.

The quarter-point increase lifted the Fed’s key rate to about 3.9% and, over time, could result in higher borrowing costs for mortgages, auto loans and credit cards.

Gasoline prices — which currently average $4.46 for a gallon of regular — are not all that is rising. Prices for appliances, car repairs, and wireless phone services also jumped in August.

The most recent measure of the Federal Reserve’s preferred inflation gauge — the personal consumption expenditures price index — was up 3.7% in June from a year earlier. That was down from May’s 4.1% year-over-year increase but up from 2.8% before the Iran war began on Feb. 28. It was 2.5% when Trump was inaugurated in January 2025.

The government issues its August PCE data Wednesday.

Consumers’ views of the current labor market also worsened in September, but remained in positive territory, the board said. Respondents broadly said they expected their household incomes to rise, but not as much as in previous months.

The U.S. labor market bounced back in August as employers added a surprising 162,000 jobs, ending a summer of lackluster hiring. The unemployment rate remained at a low 4.1%, but some of that can be attributed to significant numbers of people giving up on their search for employment in previous months.

Inflation has dominated conversations this year in business and households, and meager pay raises have made rising prices more painful for many. Average hourly wages rose 3.1% last month from a year earlier, the weakest year-over-year increase since May 2021.

The government issues its September jobs report on Friday.

The per-gallon prices are displayed above the various grades of fuel available at a pump at a QuikTrip gasoline station Tuesday, Sept. 15, 2026, in Greenwood Village, Colo. (AP Photo/David Zalubowski)

A motorist fills up the fuel tank of a vehicle at a QuikTrip gasoline stop Tuesday, Sept. 15, 2026, in Greenwood Village, Colo. (AP Photo/David Zalubowski)