The English Premier League has charged Manchester City with more than 100 breaches of financial rules for actions that took place between 2009-18, per Katie Falkingham of BBC Sport.
The club has been under investigation since December 2018, although the EPL accused Manchester City of not cooperating during this time.
Manchester City responded to the allegations in a statement:
"Manchester City FC is surprised by the issuing of these alleged breaches of the Premier League Rules, particularly given the extensive engagement and vast amount of detailed materials that the EPL has been provided with."
"The Club welcomes the review of this matter by an independent Commission, to impartially consider the comprehensive body of irrefutable evidence that exists in support of its position."
The matter will be turned over to an independent commission, per Falkingham.