Manchester City have been found guilty of breaching 114 of 115 Financial Fair Play charges brought by the Premier League. The verdict, delivered this week, is the most significant financial ruling in English football for years.

The club is expected to appeal, which will delay any immediate punishment. Possible sanctions range from a heavy points deduction to a transfer ban or even a fine running into tens of millions. Rival clubs, including Arsenal and Manchester United, are already discussing whether they could seek compensation.

City currently sit near the top of the Premier League table after a strong start under Enzo Maresca. A points deduction would change the title race overnight and could affect their Champions League position. Several players have been linked with moves away if the club faces a period of uncertainty.

The case has been running for years and stems from alleged rule breaches dating back more than a decade. Whatever the final punishment, the ruling has already sent shockwaves through the Premier League.