Manchester City chief executive Ferran Soriano has told fellow club chiefs at a private meeting in Copenhagen that the club's ongoing legal dispute with the Premier League could take years to reach a conclusion, according to Sky News. Speaking at an executive board gathering of the European Football Clubs' body, Mr Soriano declined to comment when approached by journalists as he left the venue. However, sources inside the meeting reported that he raised the case against City, highlighting the interest it holds for other clubs without directly referencing the verdict of guilt over alleged financial wrongdoing. Mr Soriano is understood to have pointed out that it has been eight years since the allegations of misconduct were first brought forward in 2023, and stressed that a final resolution will require considerably more time. Sources say he expressed the club's determination to continue fighting the case, noting that City retains the right to appeal while a separate process will determine any sanctions. The Premier League and Manchester City have not denied that the Abu Dhabi-funded club has been found guilty of the majority of charges initially brought against them in 2023. Instead, City has alluded to the forthcoming appeal and sanctioning process in its public statements. City chairman Khaldoon Al Mubarak said in a statement over the weekend that the Premier League process still has a long way to run, and reaffirmed the club's confidence and intent in proving its innocence just as strongly as when the case began. The developments underscore the protracted nature of one of football's most high-profile financial misconduct cases, with significant implications for governance and regulation in English top-flight football.

BMW has more than doubled the amount it has set aside for motor finance mis-selling claims as lenders face billions of pounds in compensation costs across the UK.

The Australian Securities and Investments Commission (ASIC) has intensified its enforcement actions, banning 150 unauthorised financial operators in the past financial year. This marks a significant rise compared to previous years, with 87 individuals and businesses restricted from providing financial services and an additional 27 barred from credit services. The watchdog's chair, Sarah Court, highlighted that these measures aim to protect consumers by removing high-risk participants from the market. Notable cases include permanent bans on former adviser Barry King for misappropriating client funds and falsifying documents, as well as actions against advisers linked to failed fund collapses. Over 61% of financial services actions and 89% of credit outcomes resulted in permanent bans or licence cancellations. Court emphasised ASIC's commitment to holding financial managers accountable for legal obligations, ensuring the market remains fair and secure for all participants.

A parliamentary inquiry is investigating the unusual financial practices of Redeemer Baptist School, which has faced serious allegations of abuse, misconduct, and unethical student treatment. Witnesses testified to an education committee about claims of financial impropriety, including a $140 million property portfolio and volunteer teachers paid as little as $23,000 annually without employment benefits. Allegations include sexual, physical, and psychological abuse, with one student recalling her sister being forced into a dog collar and pulled around by a lead. Accountants accused the school of evading taxes through its charitable status, while trustees control all organisational finances. The inquiry follows media revelations and calls for further scrutiny after the Department of Communities and Justice expressed concern over the evidence presented. The school operates under the same leadership as the Redeemer Baptist Church, with around 200 members living on its premises. Advocacy groups urge victims to seek support through helplines like Lifeline or beyondblue.

The European Public Prosecutor’s Office opened a criminal investigation into financial misconduct in connection with food, agriculture and chemical conglomerate Agrofert.

The Pastoralists and Graziers Association will stop collecting membership fees and stand down staff while the matter is investigated.

Minnesota bill requires reporting of public fund violations to law enforcement and auditors.

Former hedge fund manager Crispin Odey, 67, is contesting his ban from the UK financial sector in a tribunal after being accused of inappropriate conduct on at least 46 occasions between 2003 and 2020. Odey, once one of Britain’s wealthiest fund managers, was prohibited from working in finance and fined £1.8 million in 2025 for lacking integrity following numerous misconduct allegations. During his testimony at the Upper Tribunal in London, Odey denied the claims and attempted to justify one alleged incident of groping a colleague in 2005, stating it occurred because he was still under the effects of a general anesthetic after a dental procedure. Counsel for the Financial Conduct Authority (FCA), Clare Sibson KC, detailed multiple allegations, including Odey’s comments and behavior toward receptionists at his firm, Odey Asset Management. Odey admitted his actions were inappropriate for his age, acknowledging that what once seemed harmless banter as a younger man had become improper and uncomfortable behavior. He also faced accusations of sending suggestive messages and making comments about women’s clothing, which he later called misguided attempts to help their professional image. Odey claimed he became a “poster boy” for the FCA’s agenda, insisting his behavior was never intended to offend. The tribunal, overseen by Mr. Justice Thompsell and two other judges, is expected to deliver a ruling later in March 2026.

Tools for Humanity hired two law firms to investigate alleged financial irregularities and bribery of foreign officials, sources say.

ED Raids Anil Ambani's Firms