Wednesday briefing: Manchester City found guilty over £900 million financial rule breaches

Manchester City have been found guilty of serious Premier League financial rule breaches after an independent commission concluded that the club artificially inflated revenues and reduced costs by more than £900 million over nine seasons.

The Premier League said City arranged “sham” commercial contracts with several sponsors that did not reflect the true agreements between the parties. According to the commission, the sponsors were required to pay only part of the stated sponsorship fe