ancient Manchester City Chief David Bernstain believes that “financial penalties will not be enough” and has his say Premier League they should have doubts after reports that they have been found guilty of financial defaults.
The city has reported has been found guilty of 114 of 115 charges of breaching financial regulations between 2009 and 2018which will entail a severe punishment for them.
President Kaldoon Al Mubarak insists on him he remains confident that the City Council will be free of charges and the club is ready to file an appeal.
It is not known how serious the punishment will be, but with this the most significant number of breaches in Premier League history, which has seen a four-year investigation take place, it is suggested that nothing is off the table.
Bernstein, who was City chairman from 1998 to 2003, said: “Firstly, I would say that financial sanctions will not be enough.
“We’re talking about a club with unlimited pockets – money doesn’t mean much as we saw in the last transfer window. Whether it’s a fine of £100m, £200m, that wouldn’t be enough.
“Unfortunately, I say all these things with great regret, I really do, as a fan I think there has to be something that affects their league status. And if it were to be a points deduction, it depends on the moment.
“If it was today, with the season only a few games in, and the points deduction was going to be something that was terminal in terms of their Premier League situation, I thought 80 points would have to be deducted, which would mean the club couldn’t recover this season and would go down.
“But if that happens at the end of the season, because of the attractions, etc., it’s a different kettle of fish.
“Then maybe you’re talking about automatic relegation, to which division I don’t know. I think it depends partly on the weather.”
Man City Charges: Rivals Prepare Demand
While Manchester City await the outcome of the case, rival clubs are already exploring possible legal action.
Arsenal, Tottenham, Liverpool and Manchester United have all issued formal communications reserving the right to seek damages, alleging alleged financial losses related to City’s alleged wrongdoing. The combined claims could reach £800m.
During the period under investigation, City won eight Premier League titles, one Champions League crown, four FA Cups and seven EFL Cups.
However, chairman Khaldoon Al Mubarak issued a firm response on Saturday, insisting the club is confident of clearing its name and “proving the club’s innocence”.
He also questioned the impartiality of the process, maintaining the City Council’s position pending a final verdict.
