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Manchester City have reportedly been found guilty of 114 of 115 Premier League financial charges. Here is what the verdict means, what happens next
Manchester City’s long-running financial case has reached the point everyone in English football has been waiting for although, rather fittingly, the story still comes with a legal asterisk.
Reports on September 25, 2026, say an independent commission has found Manchester City guilty of 114 of the 115 alleged Premier League financial breaches brought against the club.
But the Premier League has not officially published the verdict, City says the wider process remains ongoing, and an appeal is expected. In other words, the headline has landed, but the legal suitcase is not yet packed.
For more than three years, “115” has been attached to Manchester City almost everywhere the club's financial story has been discussed.
The Premier League referred City to an independent commission in February 2023 following an investigation that had begun years earlier. The allegations cover financial activity stretching back to the 2009-10 season, with some of the principal financial-reporting allegations running through 2017-18.
The charges were not simply about a transfer fee being a few million pounds too high.
They included allegations concerning the accuracy of financial information supplied to the Premier League, sponsorship revenue, operating costs, remuneration of players and managers, UEFA financial regulations and the club's alleged failure to cooperate with the Premier League investigation.
City have consistently denied wrongdoing.
That distinction matters because an allegation and a proven breach are two very different things in law and football, despite its talent for turning every argument into a shouting match, does still have rules of evidence and procedure.
According to reports, yes on 114 of the 115 charges.
The Athletic and The Times reported that the independent commission ruled against City on all but one of the 115 charges.
Reuters has also reported the same figure, while noting that the Premier League declined to comment because the process remains confidential.
That means the careful wording is important.
This is a reported verdict, rather than a publicly released final decision from the Premier League.
Manchester City has not accepted the matter as concluded. A club spokesperson said the Premier League process remains ongoing and that significant elements are still to be completed.
For readers wondering why such a huge verdict can emerge while the official process remains confidential, that is precisely where football's legal machinery becomes rather less straightforward than a league table.
This is not a dispute that appeared overnight.
The Premier League investigation dates back to 2018. City were formally charged in February 2023, while the independent commission hearing eventually began in September 2024 and concluded in December of that year.
The hearing itself lasted roughly 12 weeks.
Then came the waiting.
By August 2026, Premier League chief executive Richard Masters acknowledged that the process had taken longer than expected, while stressing that confidentiality rules prevented him from discussing its progress.
That delay has generated plenty of frustration around English football. But the sheer volume and complexity of the allegations means this was never going to be a case settled over a cup of tea and a Monday afternoon.
This is where the story becomes considerably more interesting.
There is currently no confirmed punishment.
Possible sanctions under the Premier League's rules can include financial penalties, points deductions and, in the most serious circumstances, expulsion from the competition. The eventual outcome would depend on the formal decision and the applicable disciplinary process.
There has also been speculation about the potential effect on titles won during the period covered by the allegations.
That should not be confused with an established outcome.
No final decision has been announced publicly on any retrospective alteration to Manchester City's sporting record, and it would be premature to treat historic titles as already removed or invalidated.
That is one of the biggest traps in following this case: the verdict and the punishment are not the same thing.
Manchester City are expected to appeal the reported findings.
Both sides have a route to challenge the commission's decision, with reports indicating a 14-day appeal window. Sky Sports says the case is now moving toward an appeal stage.
So even if the reported 114-1 outcome is eventually confirmed officially, it may not represent the last word.
And that is why today's headlines should be read with a little legal caution.
A verdict can establish findings. An appeal can challenge them. Sanctions can then become another battleground.
Football supporters may want a neat ending. Legal cases rarely have the courtesy to provide one.
The case reaches far beyond one club.
Premier League financial regulations exist partly to control how clubs report income and expenditure and to prevent financial advantages from being created through conduct that breaches competition rules.
The allegations against City therefore touch one of the central questions of modern football:
How much financial freedom should a club have before the rules of sporting competition step in?
Manchester City have become one of the dominant forces in English football during the era covered by the allegations. That makes the eventual legal outcome significant not only for the club, but potentially for how Premier League financial regulations are interpreted and enforced.
And with clubs becoming increasingly sophisticated businesses, that question is unlikely to disappear with this case.
| IssueCurrent position | |
| Charges originally brought | 115 |
| Reported charges upheld | 114 |
| Reported charges not upheld | 1 |
| Formal public verdict | Not yet published |
| Manchester City's position | Club says process remains ongoing |
| Appeal | Expected |
| Punishment | Not yet decided |
| Investigation period | Began in 2018 |
| Formal charges | February 2023 |
| Independent hearing | September–December 2024 |
The figures above reflect the position reported on September 25, 2026, rather than a claim that every remaining procedural step has been completed.
For years, Manchester City's 115 charges have existed in football's strange middle ground: serious enough to dominate conversation, yet unresolved enough to invite endless argument.
Now there is reportedly a verdict on almost the entire case.
But there is still an appeal to navigate, sanctions to determine and an official process that the Premier League says remains confidential.
So perhaps the most accurate way to describe today's development is not that the Manchester City saga is over.
It is that the waiting room has finally opened its door, and the next room may contain an even bigger argument.
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Sam Dick
Published Sep 25, 2026
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Manchester City have reportedly been found guilty of 114 of 115 Premier League financial charges. Here is what the verdict means, what happens next
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