Manchester City are contesting over 100 alleged breaches of its financial rules, according to the Premier League. The charges were first made in February 2023. The alleged breaches relate to the failure to provide accurate financial information, including details for player and manager payments, from the 2009-10 to 2017-18 seasons.
Arsenal, Liverpool, Manchester United, and Tottenham reportedly served legal notices on City in 2024, reserving the right to seek compensation if the club are found guilty. The potential losses are estimated to be over £100m. Meanwhile, City have spent £151m so far this summer transfer window, including a club record £116m for England midfielder Elliot Anderson.
Everton were told in June that they must pay Burnley £35m in compensation over the impact of a breach of the Premier League's financial rules. Manchester City have also spent almost £700m on new players since being charged in February 2023, and have won six major trophies in that time.