DBRS Morningstar: "City's Going Down with a Billion in the Bank": Could a Harsh Manchester City Penalty Benefit the Football Industry?

TORONTO--(BUSINESS WIRE)-- #Credit--In this commentary, we discuss the industry-wide implications of the English Premier League’s (PL) allegations of inaccurate financial reporting and breach of Union of European Football Association’s (UEFA) Financial Fair Play regulations against Manchester City Football Club (City). Key highlights include: UEFA recently changed its financial rules and appears to be enforcing them more strictly, handing out harsher penalties for violations. A harsher penalty system tha