Manchester City guilty of breaching Premier League’s financial fair play rules – as it happened
Manchester City are facing sanctions from the Premier League after being found guilty of more than 100 charges relating to financial rules breaches
7.03pm BST
That closes the live blog for today. The day was always likely to come. There may be many more to follow.
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Related: We Manchester City fans fear relegation and losing trophies … but club are bang to rights
6.57pm BST
Strong thoughts from Simon Hattenstone, The Guardian’s resident Manchester City fan.
It’s called Cityitis – shorthand for our tendency to self-destruct when things appear to be going well. In fact we won trophy after trophy. But we continued to sing the song about going down with a billion in the bank. When the financial fair play investigation was launched in 2018, the chant got louder. Then in 2023 we learned there were more than 100 charges. The chant became even louder and more cavalier. And now that our grubby, griftin’, cheatin’ chicken has come home to roost, you can bank on one thing (if banks still deal with us) – the chanting will be louder and more cavalier than ever.
Related: We Manchester City fans fear relegation and losing trophies … but we’re bang to rights
6.45pm BST
Kevin O’Dell gets in touch: “Stefan Borson (18:21) has some fair points regarding the potential impact on Man City. My question, more generally, is the impact on the Premier League. The rules, and their implementation, are down to the clubs to agree. The Premier League in its present form is not fit for purpose. This, to my mind, is why the PL might steer clear of big sanctions as they will only reflect on, and magnify, their inadequacies.”
6.44pm BST
Enigmatic social media from Pep Guardiola’s successor as Manchester City manager, Enzo Maresca.
“Time to breathe.Time to analyse.Time to learn.”
Time to breathe.Time to analyse.Time to learn. 6.34pm BST
Manchester City and the Premier League have fought battles before, over rules that limit the ability of top-flight clubs to sign sponsorship deals with companies related to their ownership.
It was always maintained this was a separate case to the 134 charges and hostilities eventually ended.
“The Premier League and Manchester City FC have reached a settlement in relation to the arbitration commenced by the club earlier this year concerning the Premier League’s associated party transaction (APT) rules, and as a result have agreed to terminate the proceedings,” the parties said in a joint statement.
