Soccer: Man City found to have arranged “sham contracts” to inflate revenues and reduce costs [SOUND]

# Soccer: The English Premier League says Manchester City arranged “sham” contracts with a number of its commercial partners, as part of a disguised funding scheme to grossly inflate the club’s revenues by around 18-billion-rand. An independent commission found City guilty of all charges related to breaches of Premier League financial rules between the 2009-2010 and 2017-2018 seasons. During this period, City won three Premier League titles. In a leaked video sent to staff and players, Manchester City CEO Ferran Soriano denied any wrongdoing: