Some of the detailed reports and findings are beginning to come out about Man City's wrongdoings, and they are UGLY.
- Arranging illusory contracts with commercial partners and other to artificially inflate the club's revenue and reduce costs.
- Filed misstated accounts and concealed their true state of finances from auditors and regulators
- Breaching EPL and UEFA spending limits
- Breaches of a duty of cooperation and good faith towards the EPL, along with efforts to disrupt and frustrate investigations
Look, I was as skeptical as anyone when these charges first surfaced, and I still have my doubts they'll actually get expelled. But some of these violations are staggeringthe exact kind of corporate misconduct that brings federal law enforcement to your door in the States. Arranging dummy contracts and fabricating revenue isn't just a sports violation; it's corporate fraud and conspiracy. In the business world, that leads to liquidation, bankruptcy, and federal prison sentencesjust look at Enron.
I'm still not entirely sure how the Premier League handles this. A massive transfer ban, hefty fines, and a 2535 point deduction each season for the next decade feels like a realistic middle ground (makes them sweat buckets each year and cripples them). That said, given how severe these findings are, outright expulsion from English football is legitimately on the table. It really is that bad.