After an investigation which began back in 2018, Manchester City have been formally accused of breaching financial regulations by the Premier League.

City have long been alleged to have found their way around the regulations and now the Premier League have publicised their findings, which have been sent to an independent committee for a final ruling.

But what does all this mean?

What have Man City been charged with?

Dating as far back as the 2009/10 campaign, the Premier League have accused City of failing to provide accurate financial records, particularly regarding inflated sponsorship revenue and reduced operating costs.

There are also allegations of failing to fully disclose financial agreements with previous managers and players, with the last charge in that respect coming from the 2015/16 season, on top of claims that City have failed to assist the Premier League's investigation up until the moment the findings were published.

Have Man City been charged before?

In February 2020, UEFA charged Man City with 'serious breaches' of Financial Fair Play regulations, which saw them handed a two-year ban from European competitions like the Champions League by UEFA.

City appealed the ruling to the Court of Arbitration for Sport and eventually saw the ban overturned, while a number of charges against them were dropped due to being 'time-barred' – outside UEFA's statute of limitations.

They were, however, found to have failed to properly assist the investigation and were fined €10m.