The BookKeeper: Why did Manchester City introduce ‘sham’ spending? What was the extent of it?

“Even 18 years after the money arrived, six after their (overturned) Champions League ban, three-and-a-half after the charges were brought by the Premier League, and a week after The Athletic broke the news of Manchester City’s staggering guilt, it still shocked the world. The release, early last Tuesday evening, of an independent commission’s core decision in the case of the Premier League versus City put lacerating language and dizzying numbers to what we can reasonably label the greatest financial scandal in football history. That decision laid bare the extent to which City had misstated their finances over a nine-year period — misstatements that allowed them to circumvent rules and plough billions into their playing squad, transforming them into one of the most successful clubs in world football. …”
NYT/ATH (Video)

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