Manchester City have been found guilty of breaching the majority of the financial rules they were accused of breaking in the Premier League’s long-running case against the club, according to sources cited by BBC Sport.

An independent panel has reportedly reached its decision, with The Athletic reporting that City were found guilty on all but one of the 115 charges. The Premier League has not publicly confirmed the findings, while Manchester City have also stopped short of confirming or denying the reports.

The club said in a statement that “the Premier League process remains ongoing, with significant elements to be completed, and subject to strict confidentiality.”

City added that it had respected due process throughout the case and said its position remained consistent with its original response to the charges.

The Premier League brought the case in February 2023 following a four-year investigation into alleged financial breaches dating from 2009 to 2018. The allegations include failures to provide accurate financial information, inaccurate reporting of player and manager payments, breaches of UEFA financial rules and violations of the league’s Profitability and Sustainability Rules.

The hearing took place behind closed doors between September and December 2024.

Other Premier League clubs have reportedly been informed of the independent panel’s decision.

No sanctions have yet been announced. Under Premier League rules, possible penalties can include financial fines, points deductions and other sporting sanctions. City are expected to appeal the findings.