Manchester City have been referred to an independent commission over alleged breaches of English Premier League finance rules.
The breaches stretch from the 2009/10 season to the 2017/18 campaign.
City are alleged to have breached rules relating to the provision of accurate financial information.
City are also charged with failing to comply with Premier League rules requiring clubs to follow UEFA's financial fairplay regulations from the 2013/14 to 2017/18 seasons, and failing to follow the Premier League's rules on profit and sustainability from the 2015/16 to 2017/18 seasons.
"The members of the commission will be appointed by the independent chair of the Premier League judicial panel," said the Premier League. "The proceedings before the commission will... be confidential and heard in private.
"The Premier League will be making no further comment in respect of this matter until further notice."
British media report the club could face a range of sanctions, including points deduction or even expulsion from the league, but the club has welcomed the investigation.
"Manchester City FC is surprised by the issuing of these alleged breaches of the Premier League Rules, particularly given the extensive engagement and vast amount of detailed materials that the EPL has been provided with, said the club.
"The club welcomes the review of this matter by an independent commission to impartially consider the comprehensive body of irrefutable evidence that exists in support of its position.
"As such, we look forward to this matter being put to rest once and for all."
City won three titles during the period under investigation and have won three since, but currently sit second on the competition table, five points behind leaders Arsenal.
Reuters/Newshub
