Manchester City chairman Khaldoon Al Mubarak has issued a defiant statement after the club was found guilty on the majority of their alleged financial breaches. City were charged in February 2023 with 115 financial breaches, and talkSPORT understands they have been found guilty of the majority of the charges, with one section deemed not guilty. Al Mubarak, who has been chairman since 2013, expressed confidence in the club's position, stating he has been part of the club for 18 years and has had the privilege to stand with supporters in various stadiums. He urged fans to carefully read the statement issued on Friday and in February 2023, reiterating that the process is still ongoing. The independent panel that conducted the hearing in September 2024 are yet to publish their findings, and the Premier League haven't officially said anything either. Al Mubarak said: 'I have been part of this club for 18 years. I have had the privilege to stand with you in the Etihad, at Wembley, and in Istanbul. This club matters to me, and you have shown and told me – time and time again - how much Manchester City matters to you. This is why I am writing to you today.' He also stated: 'Following Friday's media reporting, many of you will have spent your evening answering questions and responding to messages from friends, family and colleagues. So have I. Here’s what I said to my family: The Premier League process still has a long way to run, and our confidence and intent in proving the club’s innocence is just as strong as when this began.' The club's owners could face calls to stand down, with potential punishments including fines, transfer bans, points deductions, and expulsion from the Premier League.