Manchester City
December 2025

A former Manchester City financial adviser has criticised the lack of clarity around the club’s 115 alleged FFP breaches, with City confirming in their 2024-25 accounts that the independent commission is still deliberating and the champions themselves remain unaware of when any verdict or sanctions will finally arrive. After a two-year league investigation and a completed 2024 hearing, the panel’s silence has fuelled confusion while City continue to operate as normal, posting record revenue of £694.1m and stating directors still view the club as a going concern able to meet obligations, despite the unresolved and potentially seismic case.