Man City have been charged by the Premier League over numerous financial breaches from 2009-2018, after a four year investigation.
The charges are linked with revenue information, UEFA regulations, and co-operation with the investigations from the Premier League.
Man City are expected to defend themselves against the charges, but if found guilty they could be in line for a points deduction.
Jamie Carragher, who has spoken out before on the excessive spending of Man City over the last decade, rubbed salt into the wounds of the club by tweeting sarcastically about their relatively small fan base:
"This can’t be right, Man City bring in more commercial revenue than Real Madrid, Barcelona, Bayern Munich, Man Utd & Liverpool 🤷♂️"
Jamie Carragher Cannot Resist Dig At Man City
This can’t be right, Man City bring in more commercial revenue than Real Madrid, Barcelona, Bayern Munich, Man Utd & Liverpool 🤷♂️ https://t.co/OPDaMHnws1
— Jamie Carragher (@Carra23) February 6, 2023
READ HERE: Jamie Carragher Is Sick Of Manchester City's Nonsense Argument About Their Spending
You can read an excerpt of the statement released by the Premier League below:
"In accordance with Premier League Rule W.82.1, the Premier League confirms that it has today referred a number of alleged breaches of the Premier League Rules by Manchester City Football Club (Club) to a Commission under Premier League Rule W.3.4.
Commissions are independent of the Premier League and member clubs. The members of the Commission will be appointed by the independent Chair of the Premier League Judicial Panel, in accordance with Premier League Rules W.19, W.20 and W.26.
The proceedings bejfore the Commission will, in accordance with Premier League Rule W.82, be confidential and heard in private. Under Premier League Rule W.82.2, the Commission’s final award will be published on the Premier League’s website.
This confirmation is made in accordance with Premier League Rule W.82.1. The Premier League will be making no further comment in respect of this matter until further notice."