Reuters
PODCAST: Man City own goal upsets sport's money-go-round
xCruzo Brief
Manchester City faces more uncertainty after an independent commission found the club guilty of more than 100 breaches of financial conduct rules set by the Premier League. The Abu Dhabi-owned team denies the allegations and has appealed, but the ruling centers on “sham contracts” used to distort revenue and costs by more than £900 million between 2009 and 2018. The outcome could reshape the reputational and financial risk behind big-spending owners investing through major mergers and acquisitions in top European leagues. The Reuters Viewsroom podcast also discussed whether England’s financial fair play system can be enforced amid lucrative club valuations.
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