Manchester City had been under tax investigation since 2018 till now
According to our British colleagues at the “Financial Times“, Manchester City club recently found guilty of 114 breaches of Premier League financial rules, had been under scrutiny by tax authorities since 2018. An investigation had even been opened since that year.
Manchester City had been under scrutiny for many years. According to the Financial Times, the British tax authorities has opened an investigation as early as 2018 to determine whether the English club, City recently found guilty of breaching Premier League financial rules, had used complex schemes to reduce its taxes. This investigation followed the publication by the German weekly Der Spiegel of internal emails from the English club, the FT reports, citing “people familiar with the matter . “
According to sources cited by the newspaper today, the investigation, which does not concern suspicions of deliberate fraud, has never been formally closed yet, and the British tax authority (HMRC) has taken no action against the club. When contacted by AFP, the British tax authorities declined to comment, citing the confidentiality of taxpayer information. Also contacted by AFP, the club, owned since the year 2008 by Sheikh Mansour bin Zayed Al Nahyan, a member of Abu Dhabi’s ruling family, had not responded by Wednesday morning.
Manchester City has been found guilty of 114 breaches of Premier League financial rules between 2009 and 2018 by an independent commission, a case that has sent shockwaves through European football competition. A further sanction has yet to be announced, with the date to be specified. The club – which has appealed and maintains its innocence faces, in the most severe scenario, the loss of several titles and expulsion from the league.
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