Tag: Financial Regulations

Senior figures worried Man City could play in Champions League
Sportsfootball

Senior figures worried Man City could play in Champions League

Senior figures within English football are expressing growing concern that Manchester City could potentially participate in the Champions League next season. This debate arises even if the club faces relegation due to alleged breaches of financial regulations. The situation highlights complex regulatory challenges within European and domestic football governance. Observers are questioning how rules and qualifications interact across different tiers of competition.

HMRC Urged to Scrutinise Tax Implications of Man City Verdict
Business

HMRC Urged to Scrutinise Tax Implications of Man City Verdict

The UK Treasury Committee has called on HMRC to investigate potential tax liabilities following an independent commission's ruling that Manchester City breached Premier League financial regulations. The club was found to have artificially inflated revenue through 'sham' sponsorship deals. Reports suggest the club may owe up to £24 million in unpaid taxes and penalties, specifically linked to disguised funding schemes. While Manchester City plans to appeal, the committee is seeking assurance that the tax authority is addressing the public interest surrounding these financial findings.