Man City's leadership cannot continue, says former chairman
Former Manchester City chairman David Bernstein has called for the club's board to step down following allegations of serious financial breaches. The Premier League club is accused of inflating revenue and understating costs by nearly £1 billion over a decade.
Why it matters
The potential sanctions against a major football club could set a significant precedent for financial regulation and governance in professional sports.
Manchester City’s directors should step down after an independent commission found the Premier League club guilty of serious financial breaches, said former chairman David Bernstein, who describedthe situation as “beyond awful”. On Tuesday, the Premier League said City had used “sham” commercial contracts as part of schemes to inflate revenue and understate costs by more than £900 million ($1.19 billion) over nearly a decade. The club, which denies wrongdoing, said in a statement it would appeal the ruling. “I can’t think of a penalty strong enough for this, really. I mean, this is absolutely terrible. I want to raise another question, and that is the position of the board of directors,” Bernstein told talkSPORT after the announcement.
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