Manchester City has been found 'cheating on an industrial scale.' What comes next?

Manchester City has been found guilty by an independent commission of serious breaches of Premier League financial rules, according to the league’s Tuesday statement. The report says the club did so “well over 100” times between 2009 and 2018 through “sham” contracts and commercial agreements that allegedly concealed the “true state” of its finances from its UAE ownership. The Premier League added that City overstated income by roughly $1.18 billion (£900 million), understated expenses by tens of millions, and sought to cover up elements of the investigation. City says it has “irrefutable evidence” of innocence and will appeal. If the appeal fails, the article notes the potential range of penalties could be severe given the commission’s findings. The piece also contextualizes City’s rise after ownership changes.