The Football Association (FA) has issued its first official response following the major financial rules case involving Manchester City.
As reported by İdman.Biz, Manchester City were found guilty of all charges relating to serious breaches of Premier League financial regulations over a nine-season period, as well as the majority of charges concerning the club's failure to cooperate with the league's investigation.
Manchester City have already confirmed their intention to appeal the decision.
One of the club's key arguments concerns approximately £900 million used to fund its operations. City maintain that the money came from the Abu Dhabi government rather than from the club's owners within the Sheikh Mansour-owned City Football Group.
Against the backdrop of the case, the FA released an official statement outlining its position.
"The decision of the Independent Commission has significant implications for the integrity of the game. We are carefully considering the decision and its implications and will take action where necessary.
"As the proceedings between the Premier League and Manchester City Football Club remain ongoing, we do not intend to comment further at this stage. We will, however, continue to monitor developments closely," the FA said.
The case remains ongoing as Manchester City prepare to challenge the commission's findings through the appeals process.
