Manchester City and Newcastle United will risk hefty penalties as European Commission opens investigations into an alleged scandal, MySportDab reports.
After winning their first Premier League trophy in Manchester City have went on to dominate the Premier League, winning back-to-back-to-back Premier League trophies, including other domestic trophies.
Last season, the club finally took their dominance to the European stage, winning the Champions League trophy in an all-round successful season that saw them clinch a treble.
Amidst the sudden explosion of successes in domestic and European football, Manchester City have always been under the prying of eyes of European and English football authorities for alleged financial beaches
Now, Newcastle has been added to the list with reports from Daily Mail confirming the two clubs are under fresh investigations for heavy state influence and backing that has distorted the European market and the football industry in the continent.
The report says the European Commission is now investigating Manchester City and Newcastle United for state-backed influence that has twisted the operations of European markets – in this case the football industry in Europe.
The report adds the two clubs are heavily financed by a swelling financial outlay made possible by financial behemoths controlled by Arab states.
For Manchester City, the investigator alleges that Manchester City are controlled by fUnited Arab Emirates while Newcastle United are controlled by Saudi Arabia.
The bottom line is that the two clubs are ‘state tools’ deployed by the two countries through state-backed financial organizations such as the Saudi Public Investment Fund in Saudi Arabia and the Central Bank of UAE in UAE, to twist the operations of the European market.
It is still unclear whether the allegations will lead to a penalty but the investigation has begun.
Recall Manchester City are locked in a legal tussle with the Premier League for alleged over 100 breached of financial fair play rules.
Newcastle United’s recent successes, including a first time qualification for Champions League after 20 years have been also linked to heavy state funds from Saudi Arabia.