The Premier League confirmed on Tuesday that the recent media reports were accurate, and that Manchester City have been found guilty by an independent commission of all charges relating to serious breaches of the competition’s financial rules over a nine-season period.

The Premier League also confirmed that City have been found guilty of the majority (but not all) of the charges in relation to their failure to cooperate with the investigation.

One of the significant findings by the commission was that City reportedly artificially inflated revenues and reduced costs by more than £900m during the relevant nine-year period.

The statement from the commission adds that City ‘clearly intended to circumvent the PL rules’, and that if they had reported all of their agreements accurately, it would have been a very substantial breach of the Premier League and UEFA’s spending limits.

Despite not all of the charges being proven in relation to City’s cooperation with the investigation, the commission did still conclude that City ‘made concerted efforts to stop and frustrate the PL investigation’.

Sanctions will be handed down in a further hearing with the commission, and City also have the right to appeal until Friday, October 2nd.

Photo by Shaun Botterill/Getty Images

As for what those sanctions are, that’s still largely guesswork, but Manchester City players are seemingly growing concerned.