Pep Guardiola, the former Manchester City manager, has publicly expressed his unwavering support for the club following an independent commission's ruling that found the club guilty of breaching Premier League financial rules. The commission determined that Manchester City arranged 'sham contracts' with commercial partners to disguise over £830m in secret funding between the 2009-10 and 2017-18 seasons. The club was found guilty of all charges related to financial rule breaches during that period, as well as all but one charge related to failure to cooperate with the investigation. Manchester City continues to deny any wrongdoing and has until 2 October to submit an appeal. Guardiola, who managed the club from July 2016 until last summer, stated in a social media post: 'I want every single Manchester City fan across the world to know I am here; more than ever. I am, always have been, always will, be behind my club, my owner, my chairman, Ferran [Sorriano], the players, staff, [manager] Enzo [Maresca] and you, our unique supporters. Let me be clear: we will get through this together. I love you all.' During his tenure, Guardiola led Manchester City to six Premier League titles, including a record four in a row from 2020-21, as well as the Champions League, three FA Cups, and five League Cups. The club's chairman, Khaldoon Al Mubarak, expressed confidence in proving their innocence, while chief executive Ferran Soriano stated that 'irrefutable evidence' had been 'ignored' by the commission. Former Manchester City defender Micah Richards described feeling 'absolutely devastated' by the verdict, noting the emotional impact on long-term supporters. Former Liverpool defender Jamie Carragher criticized the club's leadership, suggesting the titles won during the period in question should be stripped due to the alleged deception. The club, owned by the Abu Dhabi United Group, stated they were 'both disappointed and surprised' by the guilty verdict. The case has significant implications for the club's reputation and future, with potential consequences including relegation or expulsion from the Premier League. The club's legal team is preparing an appeal, while fans and former players express mixed emotions about the situation.

The Premier League has confirmed that Manchester City have been found guilty of all charges related to financial rule breaches between the 2009-10 and 2017-18 seasons. An independent commission determined that the club arranged 'sham contracts' with commercial partners to disguise secret funding of over £830 million, which was used to artificially inflate revenues and reduce costs. The commission found that the club's sponsorship deals, which recorded £360 million in fees during their three Premier League-winning seasons (2011-12, 2013-14, and 2017-18), were largely sham agreements, with only £43 million being legitimate. The report highlighted that a number of club witnesses provided false evidence, and the club engaged in 'deliberate or reckless conduct intended to circumvent Premier League rules.' Manchester City has denied all wrongdoing and has until 2 October to submit an appeal. The Premier League's chief executive, Richard Masters, stated that the ruling establishes the facts of what happened at Manchester City during this period, emphasizing the need to uphold the rules to protect the integrity of the competition. The club's owners, the Abu Dhabi United Group (ADUG), have been referred to in the report. The commission's report, which included over 750 pages in its index and tens of thousands of pages in documents, detailed how the club systematically broke financial rules for nearly a decade. The Premier League has not yet determined the sanctions, which will be addressed in a separate hearing. The club's chief executive, Ferran Soriano, declined to comment publicly but issued a video message to staff criticizing a 'Premier League conspiracy theory' and insisting the club would be 'vindicated.' The case has been ongoing since 2018, with the club facing 115 financial rule breaches. The timeline includes multiple legal challenges, including a two-year European ban overturned in 2020. The ruling has significant implications for the club's future in the Premier League, with former chairman David Bernstein stating that if the appeal fails, Manchester City cannot remain in the Premier League and must face a serious penalty.

The Premier League has confirmed that Manchester City have been found guilty of the most serious breaches of financial rules through 'sham' deals as part of a £900 million scheme. The club's actions, which involved creating false financial transactions to mask their true spending, have been deemed a violation of the league's regulations. The verdict, which has been described as a landmark decision, could lead to the club being relegated from the Premier League. The investigation, which took years to complete, revealed that the club had engaged in a complex network of 'sham' deals to circumvent financial fair play regulations. The club's management, including owner Sheikh Mansour, have been accused of orchestrating this scheme to maintain the club's competitive edge while avoiding financial penalties. The decision has been met with mixed reactions, with some supporters calling for the club to be punished severely, while others argue that the club has been unfairly targeted. The Premier League has stated that the club's actions were 'dangerous, reckless and stupid' and that they have breached the most serious financial rules. The club has been given a period to appeal the decision, but the potential consequences remain severe. The verdict has significant implications for the future of the club and the Premier League as a whole, as it sets a precedent for how financial misconduct will be handled in the future. The club's reputation has been severely damaged, and they face a challenging period ahead as they attempt to rebuild trust with fans and the football community.

Manchester City Football Club has reportedly been found guilty of the majority of 115 charges related to alleged breaches of Premier League financial rules, according to BBC Sport. The charges, which spanned from 2009 to 2018, include failures to provide accurate financial information, non-compliance with UEFA's Financial Fair Play (FFP) rules, and breaches of Premier League profit and sustainability (PSR) regulations. The club has always denied wrongdoing and is expected to appeal the verdict, with Lord Pannick KC, a high-profile legal figure, likely leading the appeal. The potential sanctions could include points deductions, financial penalties, or even removal from the Premier League, which would effectively demote the club to a lower division. The case has been ongoing for over eight years, with the hearing beginning in September 2024 and a verdict reportedly reached in September 2026. The Premier League declined to comment on the case, while Manchester City issued a statement expressing frustration over the leaked verdict and reiterating their position that they have respected due process. The club's legal team, led by Lord Pannick KC, who charges £5,000 per hour, previously helped overturn a two-year European ban in 2020. The case has cost tens of millions of pounds in legal fees, with both parties expected to seek cost recovery. If titles are stripped, clubs like Manchester United, Liverpool, and Arsenal could benefit from the reassignment of titles won by City during the period in question. The Premier League has also been considering whether other clubs could claim compensation for financial losses due to City's alleged breaches. This case is significantly more complex than previous Premier League cases involving clubs like Everton and Nottingham Forest, which involved fewer charges and simpler financial breaches. The outcome of this case will have significant implications for Manchester City's future in English football and the integrity of the Premier League.

The article explains the strict regulations surrounding early access to superannuation savings in Australia. While accessing super before retirement is not common, there are limited circumstances where it may be allowed, such as compassionate grounds (medical treatments, funeral expenses), terminal medical conditions, severe financial hardship, or temporary/permanent work incapacity. The Australian Taxation Office emphasizes that withdrawals must meet specific criteria, with amounts capped at $10,000 for financial hardship cases. First home buyers may qualify for the First Home Super Saver scheme, but general mortgage assistance is not a valid reason. Scams targeting super access are warned against, with advice to report misleading claims. The article highlights risks of early withdrawals, citing a 2024 study showing a $93,600 long-term impact for a 30-year-old withdrawing $20,000 during the COVID-19 crisis. It underscores the importance of preserving superannuation for retirement, aligning with Australia's pension system goals.

India enacts new Income Tax Act, 2025, from April 2026, revises ITR deadlines, tightens HRA and investment tax rules, boosts some employee perks, and changes banking charges.