Sham City: verdict on financial breaches is damning and punishment must be severe | Jonathan Wilson

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Guardian Business

Sham City: verdict on financial breaches is damning and punishment must be severe | Jonathan Wilson

How can Manchester City be trusted under these owners after they were found to have devised £900m of ‘sham’ contracts? How bad could it be, really? How serious can a breach of arcane financial regulations be, really? Just how damning can accountancy be? Even after Friday’s revelation that Manchester City had been found guilty of all but one of the charges brought against them by the Premier League, it was perhaps di…