Manchester City news: American owners of Liverpool and Crystal Palace ‘push’ Premier League into investigating alleged Financial Fair Play breaches

Manchester City news: American owners of Liverpool and Crystal Palace ‘push’ Premier League into investigating alleged Financial Fair Play breaches
The American owners of Liverpool and Crystal Palace reportedly pushed the Premier League into joining UEFA in investigations of alleged Financial Fair Play breaches by Manchester City.UEFA announced on Thursday that they were looking into allegations of violations after the publication of leaked documents.2

UEFA and the Premier League are both investigating Manchester City

A day later, the Premier League confirmed they were also investigating and issued a statement saying they had requested information from City and there is an ongoing dialogue with the club.The Daily Mail report that pressure on the Premier League came from the American owners of clubs such as Crystal Palace and Liverpool.Manchester United, Arsenal, Fulham and Bournemouth all have American owners and all also have interested in sports teams across the NFL, NBA, NHL and MLB.2

Crystal Palace owners Josh Harris and David Blitzer

In American sports there has been a long history of strict financial regulation.The Times also reported on Friday that as many as a dozen clubs were planning to write to the Premier League to voice their concerns.City maintained they have done nothing wrong since the allegations were first published by Der Spiegel last year.The club released a statement following the announcement of the UEFA investigation. The statement read: Manchester City welcomes the opening of a formal UEFA investigation as an opportunity to bring to an end the speculation resulting from the illegal hacking and out of context publication of City emails.The accusation of financial irregularities are entirely false. The Clubs published accounts are full and complete and a matter of legal and regulatory record.

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