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Guardiola backing Man City after guilty verdicts

Guardiola backing Man City after guilty verdicts

Former Man City boss Pep Guardiola says he will "always" be behind the club after they were found guilty of financial charges. Former manager Pep Guardiola has backed Manchester City 's owners and leadership and says he will "always" be behind the club after they were found guilty of all charges related to breaches of the Premier League's financial rules. An independent commission found that City arranged "sham contracts" with a number of commercial partners as part of a scheme to disguise secret funding of more than ยฃ830m. The league confirmed City have been found guilty of all charges related to breaches of financial rules between the 2009-10 and 2017-18 seasons, and all but one in relation to failure to co-operate with the investigation. The club continue to deny any wrongdoing and have until 2 October to submit an appeal. Guardiola took over as City manager in July 2016 before leaving last summer. "I want every single Manchester City fan across the world to know I am here; more than ever," he wrote in a social media post. "I am, always have been, always will, be behind my club, my owner, my chairman, Ferran [Soriano], the players, staff, [manager] Enzo [Maresca] and you, our unique supporters. During Guardiola's decade in charge of City, he led the club 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. Prior to his departure, Guardiola spoke about the charges against City in November 2024 and said he "will be here" even if the club were relegated.

City chairman Khaldoon Al Mubarak said in a statement on Saturday that the club is still confident of proving its innocence, while on Tuesday chief executive Ferran Soriano said in a video message , external to staff and players that "irrefutable evidence" had been "ignored" by the commission. The club, which is owned by the Abu Dhabi United Group, said they were "both disappointed and surprised" by the guilty verdict. Former Manchester City defender Micah Richards says he felt "absolutely devastated" after reading the Premier League's "damning" guilty verdict on the club's financial charges. "I was at that club since I was 14 years old, I would die for that club. I achieved my dream at Manchester City , but then to hear these reports, and not only me as an ex-player, but the fans, what they have to go through, absolutely devastating." While Richards was part of the City's youth academy he lived in 'digs' with a local family who are long-term supporters of the club. The 38-year-old added: "My digs man, he rang me and he was literally in tears and asking me about information, which I don't know. I haven't got the answers to tell him. "That's someone who's supported the club for 60-odd years and the uncertainty around it is just heartbreaking. "I feel saddened, I feel angry, I feel a little bit confused because, on the other side, you have City's side of the story." City won their second Premier League title in 2013-14, overtaking Liverpool during the run-in to finish two points above the Reds. Former Liverpool defender Jamie Carragher, who retired in 2013, said: "I feel for the players.

They'll almost feel like a lot of their career is going to have an asterisk, or a lot of people will be calling it a sham. "The players were told everything was fine. What the [City] hierarchy are coming out with now, they're just gaslighting. "I think the titles should be taken off their list. Whether other clubs get them is probably slightly different. City have not just hurt their own players." The 2013-14 season was the closest that Carragher's long-time team-mate Steven Gerrard came to winning the Premier League title. "Those players will never get that feeling and it was robbed by Man City," Carragher added on Sky Sports News. "No-one remembers the medal. Giving trophies or medals back, it doesn't mean anything.

Sources cited: ๐Ÿ“ฐ BBC Sport โ†— ๐Ÿ“ฐ BBC Sport โ†—

โšก Effects Interpreter

๐ŸŒWorld Economy

  • โ–ถExport-heavy economies could see demand wobble as buyers wait and watch.
  • โ–ถThe wider trading system tends to absorb shocks like this slowly.

๐Ÿ™๏ธLocal Economy

  • โ–ถLocal traders usually cheer as fans fill the streets.
  • โ–ถCorner shops near the stadium rarely complain about match-day footfall.

๐ŸฆRates & Banks

  • โ–ถThe next rate-setting meeting is a more likely trigger than this news alone.
  • โ–ถFixed and variable borrowers alike might want to keep half an eye on this.

โค๏ธHealth

  • โ–ถExcitement is healthy, though nail-biting finishes test the nerves.
  • โ–ถA nail-biting finish is memorable, but maybe not great for blood pressure.

๐Ÿ’ทWealth

  • โ–ถAny hit to your money is more likely a ripple than a wave.
  • โ–ถNest eggs can wobble briefly before finding their footing again.

๐Ÿ Housing

  • โ–ถAnyone selling soon might want a fresh valuation once the dust settles.
  • โ–ถHouse prices and rents are unlikely to shift the moment this news breaks.
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Editorial note: This analysis was produced by the News Effects Interpreter, an AI editorial tool that cross-references 2 independent news sources and contextualises events in terms of their real-world impact on ordinary people. Original reporting is linked above. News Effects does not alter the facts of source reports.