Manchester City, a major global sporting club, has been found guilty by the English Premier League of 114 breaches of its financial rules. The confirmed breaches involve an amount close to £1 billion.
The club's owners deny any wrongdoing and have appealed against the ruling. This development follows a long-running scandal concerning the club's financial practices.
Some Manchester City fans have expressed feelings of devastation, anger, and sadness, while others reportedly find it easy to forgive their team. The club's chief executive officer, Ferran Soriano, has previously alleged an unspecified "Premier League conspiracy theory" related to the verdict.
Potential severe punishments for such transgressions could include large fines, trophy removal, points deductions, compensation for other clubs, relegation, or even liquidation.