Premier League have confirmed that they will take action over Manchester City’s alleged breach of Financial Fair Play.
Manchester City had come under the scanner earlier this month over an alleged breach of financial fair play (FFP).
It has been claimed that Manchester City topped up multi-million-pound sponsorship deals with Abu Dhabi companies to hide the amount of money Sheikh Mansour had been putting up inside the club.
The club released a statement following the investigation, stating that they would welcome the opening of proceedings.
Pep Guardiola, meanwhile stated that he believes in the club’s hierarchy to not let Manchester City’s image be tainted by the allegations.
“I think the club made their statement yesterday. I could not add more than that,” he said. “The club is open. Hopefully, it can finish as soon as possible and UEFA can decide what it sees.
“I trust what the club has done because I know them. Hopefully, they can solve it as soon as possible and stop with this environment.”
Premier League to investigate Manchester City:
The Premier League confirmed earlier today that it has launched an investigation into the allegations of FFP breach on Manchester City, thus joining hands with UEFA in the process.
Earlier, at least a dozen Premier League clubs planned to write to Premier League to ask the nature of action the league would be taking over the allegations of corruption.
“The Premier League has previously contacted Manchester City to request information regarding recent allegations and is in ongoing dialogue with the club,” a Premier League statement read.
“The league has detailed financial regulations and strong rules in the areas of Academy player recruitment and third-party ownership.
“We are currently investigating these matters and will allow Manchester City every opportunity to explain the context and detail surrounding them.”
Manchester City earlier claimed that the release of the leaks was “resulting from the illegal hacking and out of context publication of City emails.”
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Manchester City are currently at the top of the league and face Watford as they aim to retain the lead against Liverpool.
