The Football Association (FA) has said it is carefully reviewing the independent commission’s findings against Manchester City over serious breaches of Premier League financial regulations.

In a statement issued on Friday, October 2, the English football governing body said the ruling had significant implications for the integrity of the game and indicated that it would take action if considered appropriate.

The FA, however, stopped short of outlining what specific measures it might pursue, stressing that the proceedings between Manchester City and the Premier League are still ongoing.

The statement followed the publication of the independent commission’s core decision by the Premier League on September 29.

The commission found Manchester City guilty of all charges relating to serious breaches of the Premier League’s financial rules covering the 2009/10 to 2017/18 seasons. It also upheld three of four alleged breaches concerning the club’s cooperation with the Premier League’s investigation.

According to the Premier League, the commission found that City had used commercial arrangements it described as “sham” contracts, which artificially increased the club’s reported revenues and reduced its reported costs.

The commission also found that the club submitted misstated financial accounts and failed to accurately disclose the state of its finances to auditors and football regulators. The Premier League said the arrangements artificially inflated revenues and reduced costs by more than £900 million during the period under consideration.

The findings further concluded that City had significantly breached both Premier League and UEFA spending limits during the relevant period. The commission said that if the financial arrangements had been accurately reflected in the club’s accounts, City would have exceeded the applicable spending limits by a substantial amount.

The investigation also examined City's conduct during the Premier League's four-year inquiry. The commission upheld three of four alleged breaches relating to the club's duties to cooperate with the investigation, with the league saying the commission concluded that City had made efforts to frustrate the process.

Manchester City has rejected the findings and maintained its position that it did not commit the alleged wrongdoing. The club has the right to appeal the commission's decision, with October 2 set as the deadline for exercising that right. Reports indicate the club is proceeding with an appeal.

The sanctions for the proven breaches have also not yet been announced. The Premier League said the question of punishment will be dealt with separately by the independent commission under a further process.

That means the latest ruling does not represent the end of the dispute. Manchester City's appeal could affect how the findings are ultimately treated, while the eventual sanctions will depend on the separate disciplinary process.

The FA's intervention adds another layer to an already lengthy case. Its latest statement does not announce a punishment or disciplinary charge against Manchester City; instead, the governing body said it would continue monitoring developments while considering the implications of the commission's decision.

For now, the Premier League case remains active, with Manchester City challenging the findings and the sanctions phase yet to be concluded. The FA has made clear that it is watching the process closely and will determine whether any further action is warranted as the proceedings develop.