Manchester City found guilty of 114 Premier League charges as sponsor fined £400 million

The Premier League found Manchester City guilty of 114 charges while a club sponsor was fined nearly £400 million for money-laundering violations.

• The Premier League found Manchester City guilty of 114 of the 115 charges brought against the club.
• One of Manchester City's sponsors was fined nearly £400 million for violating anti-money-laundering laws, The Sun reported.
• The sponsor has been partnered with the club since 2022 under a £55 million deal.
• Manchester City denied all the charges, saying it holds evidence that proves its position.
• Arsenal, Liverpool, Manchester United and Tottenham reserved legal rights to seek compensation from Manchester City over the verdict.
• The Premier League ruled City inflated its revenue by over £900 million between 2009 and 2018.
• The sponsor fined nearly £400 million is crypto exchange OKX, penalized by US authorities over money laundering tied to over $5 billion.
• Manchester City will wear the OKX logo in Sunday's match against Liverpool, confirming the partnership continues.
• City affirmed it conducts due diligence on partners, responding to questions about the fine.
• Spanish newspaper AS reported that Pep Guardiola reacted strongly to the verdict and fears his legacy will be tarnished by the crisis.
• At least four Premier League clubs believe relegation alone would be insufficient, with some backing title stripping and multi-season points deductions.
• Manchester City, found guilty by an independent commission, faces an appeal against the verdict.