Manchester City’s chief executive has lambasted the verdict ruling the club was guilty of all charges relating to breaking the Premier League’s financial rules as a “conspiracy theory”.

Ferran Soriano maintained the club’s innocence and argued the entire judgement was based on “a single false accusation” which “irrefutable evidence… shows could not happen.”

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However, the independent commission’s judgement, handed down on Tuesday, ruled that City had “overstated [its income] by over £830m” during the nine-year period covered by the investigation and arranged “sham commercial deals” with a number of sponsors, and fiercely criticised…

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