Man City face £300m black hole in financial ‘catastrophe’ as two punishments proposed

Man City are waiting to discover potential punishments after being found guilty of breaches of financial rules – a verdict which they are appealingManchester City will face a big drop in revenue should they be relegated to the Championship. (Image: Martin Rickett/PA Wire)Relegation from the Premier League would cost Manchester City at least £300 million, as the club awaits possible sanctions after being found guilty of 114 breaches of Premier League financial rules.