The Premier League has accused Manchester City of breaking a number of financial regulations.
The alleged violations are said to have occurred between the 2009-10 season and the 2017-18 season.
The team is accused of breaking Premier League regulations that provide for the transmission of “correct financial information that gives a truthful and fair perspective of the club’s financial status” in “the utmost good faith.”
According to the league, precise financial data was needed for “income (including sponsorship money), its linked parties, and its running expenditures.”
Regarding the seasons 2009–10 to 2012–13 inclusive, the second set of alleged violations is connected to the requirement that “a member club should include full details of manager salary in its applicable contracts with its manager.”
Who Is The World’s Number 1 Footballer In 2023?
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Who Is The World’s Number 1 Footballer In 2023?
Lionel Messi
The PSG and Argentina Center forward has a total of 804 career goals and leads the chart. He recently lifted the FIFA world cup and scored a total of 13 goals in the competition.
Robert Lewandowski
The former Bayern Munich player signed for Barcelona this season and has scored a total of 636 goals. The Polish striker recently won the Spanish super cup.
Kylian Mbappe
France’s second highest goal scorer with a total of 12 goals in 2 editions stood at rank 3 on the list. The PSG star is the fastest footballer in the world and is linked to Real Madrid for the move this summer.
Cristiano Ronaldo
The former United star recently joined Al-Nassr FC for a salary of $210 million per annum. He is also the highest goal scorer of all time with 819 goals.
Between December 2009 to May 2013, Roberto Mancini , the current manager of Italy , managed the club.
The second set of alleged violations likewise pertains to the clubs’ obligations to include complete information on player compensation in the applicable contracts for the seasons 2010–11 to 2015–16, inclusive.
FAQs:
- Who is the oldest football club?
Sheffield F.C. - Who is Man City’s top scorers?
Sergio Aguero (Retired), 260 goals.
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Monday, 06 Feb, 2023 - Front Page
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Cos May Find it Costlier to Raise Funds Overseas
Indian companies can raise debt from non-residents through two routes. The ECB mechanism is for borrowings in foreign currency. The FPI route is for foreign investment in rupee-denominated debt.
Need More Foreign Investment to Boost Corporate Debt Markets
The other necessary measure for India is to “tighten and improve the bankruptcy law”, according to Kravis, who is one of the most influential voices in the world of private equity.
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