Premier League

The independent Commission found that between Seasons 2009-10 and 2017-18:

• 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 filed misstated accounts and concealed the true state of its finances from its auditors and football regulators
• Manchester City was significantly in breach of both the Premier League’s and Uefa’s spending limits
• During the Premier League’s investigation, Manchester City committed multiple breaches of its duties of co-operation and utmost good faith towards the League (three of the four alleged breaches were upheld)

We'll break all those things down for you with the statement from the Premier League.

Premier League

Richard Masters, chief executive of the Premier League, said: "The core decision establishes the facts of what happened at Manchester City during this period. It details how the club systematically broke Premier League rules for nearly a decade.

"It also vindicates the Premier League's decision to pursue this case against Manchester City. While the process to date has been both long and difficult, the League has remained determined that the facts be established independently.

"It is a key responsibility of the Premier League to ensure that the rules, approved by the clubs themselves, are upheld to protect the integrity of the competition. It is paramount that the League remains competitive and fair for all clubs and for the fans. We take that role extremely seriously."

Manchester City

Manchester City have responded to the Premier League statement with a statement of their own:

"Manchester City FC is both disappointed and surprised by the opinion of the Premier League Commission, that has been published today.

"The Club is innocent of the accusations made by the Premier League and a comprehensive body of irrefutable evidence exists in support of all of its positions, relating to this case. The Club will therefore be relentless, and where necessary proactive, in any and all appropriate regulatory and legal forums.

"The Premier League process remains ongoing, with significant elements uncompleted. Manchester City FC will now pursue the appeal avenues open to it, on the basis that the opinion contains clear material errors, of law, principle and fact, and is unsafe.

"The Club has diligently respected due process for eight years on the basis that the Premier League Board and Executive would behave as an independent, impartial and fair-minded regulator, free from partisan influence.

"The Club is obviously restricted in what it can say further until all future proceedings are complete."

BBC Radio 5 Live

Nicky Campbell is hosting a Manchester City charges special on BBC Radio 5 Live right now.

Listen along at the top of the page.

Premier League

In relation to the 'sham' contracts, the Premier League statement says:

"The independent Commission found that Manchester City arranged ‘sham’ commercial deals with a number of its sponsors during the period, which were part of a disguised funding scheme, whereby those companies were only required to pay a portion of the relevant sponsorship fees. The remainder was funded by Abu Dhabi United Group Investment & Development Ltd (ADUG), which owned the club. As part of the scheme, further ‘sham’ arrangements, funded by ADUG, were entered into to enable the club to record lower operating expenses than it actually incurred, as well as a ‘sham’ circular arrangement with Fordham, an entity that purchased the club’s players’ image rights, that was funded by ADUG.

"The purpose of these schemes was found to have been to artificially inflate the club’s revenues, and reduce its costs, by more than £900 million during the affected period, to appear to comply with financial rules. The consequence of this, as the Commission found, was that the club filed misstated accounts and concealed the true state of its finances from its auditors and football regulators. The Commission concluded that 'by its conduct the club clearly intended to circumvent the PL Rules'."

The sham commercial deals were described as being part of a "disguised funding scheme" to the scale of £830.69m.

The panel also found Manchester City guilty of all charges except one relating to non-cooperation with the Premier League investigation.

The sham commercial deals were described as being part of a "disguised funding scheme" to the scale of £830.69m.

On Tuesday the Premier League confirmed that Manchester City have been found guilty of all charges related to breaches of Premier League financial rules between 2009-10 and 2017-18.

An independent Commission found that during that time period, the club arranged "sham contracts" with a number of its commercial partners, as well as "relying on sham agreements to artificially inflate the club's revenues and reduce its costs".

The statement also said that City were guilty of the majority of charges in relation to its failure to co-operate.

The Premier League published a redacted version of the commission's report, which said the charges "concerned well over 100 alleged individual breaches of Premier League Rules across four broad charge categories".

Good morning.

Yesterday the Premier League confirmed that Manchester City have been found guilty of all charges related to breaches of the Premier League's financial rules.

City maintain their innocence and say they will appeal the ruling.

We'll have all the latest reaction coming up right here.

Image source, Getty Images