Manchester City was found guilty of arranging sham commercial contracts, misstating accounts, concealing its finances and most charges related to failing to cooperate with the Premier League's investigation over nine seasons from 2009 to 2018. The league said the schemes artificially inflated revenue and reduced costs by more than £900 million ($1.19 billion), helping the Abu Dhabi-backed club circumvent financial-fair-play rules and strengthen its roster. City has denied wrongdoing and is challenging the independent commission's findings. No sanction has been imposed, and a separate hearing is to determine whether the club faces a fine, points deduction, relegation or expulsion. The ongoing appeal has also created uncertainty in prediction markets over City's competitive position, with severe punishment potentially improving Manchester United's prospects in the 2026-27 Premier League title race. Chief Executive Ferran Soriano rejected the findings, while former manager Pep Guardiola backed the club, its ownership, leadership, players, staff, Enzo Maresca and supporters.