After years of uncertainty, speculation, and silence from both sides, the football world may finally be approaching a resolution in Manchester City’s long-running financial investigation. According to multiple reports, a verdict could arrive before the end of 2025, bringing clarity to a case that has overshadowed Pep Guardiola’s team since early 2023.

The Premier League charged Manchester City with more than 100 alleged rule breaches related to financial reporting, sponsorship declarations, and cooperation with regulatory inquiries—accusations the club continues to deny categorically. City maintains that they have done nothing wrong and insist they have submitted extensive documentation proving full compliance with the rules.

Yet with the review process now entering its final stretch, anticipation and tension are rising—both inside the Etihad Stadium and across English football.

This is not a standard financial-fair-play or profitability case. It is, by scale and scope, the largest regulatory investigation ever undertaken in Premier League history.

The charges cover nearly a decade of club activity beginning in the 2009-10 season and extending through 2017-18, ranging from alleged inaccurate financial reporting to accusations of hiding managerial and player compensation. In addition, the Premier League included charges related to lack of cooperation between December 2018 and February 2023.

In total, the case includes:

• 54 alleged failures to provide accurate financial information
• 35 allegations of failing to cooperate with league investigators
• 14 accusations of incorrect reporting of player and manager payments
• 7 alleged breaches of profitability and sustainability rules
• 5 alleged failures to comply with UEFA’s financial regulations

To put the process in perspective, the independent commission reviewing the charges has examined more than 250,000 documents, and the hearing itself lasted 12 weeks—far more extensive than the five-day review Everton faced for their PSR case. This scale explains the unusually long timeline, which stretches across multiple seasons.

The Premier League, for its part, has remained tight-lipped. Manchester City issued a statement expressing “surprise” at the original decision to escalate the charges, claiming they had provided full cooperation and extensive documentation.

The sanctions available to the Premier League span a wide range—from fines and transfer restrictions to points deductions or even title revocation. In extreme theory, expulsion from the Premier League could be considered, although such a step has never been taken in modern history.

Everton and Nottingham Forest received points deductions last season for breaches of profitability rules, but both cases involved far fewer allegations. The City investigation is significantly different and far more expansive, meaning any ruling is likely to have major ramifications for competitive fairness, league governance, and future interpretation of financial rules.

City have been clear that they are prepared for any scenario.