The English Premier League has charged Manchester City with more than 100 breaches of financial rules for actions that took place between 2009-18, per Katie Falkingham of BBC Sport.

The club has been under investigation since December 2018, although the EPL accused Manchester City of not cooperating during this time.

Manchester City responded to the allegations in a statement:

"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."

"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."

The matter will be turned over to an independent commission, per Falkingham.

According to Martyn Ziegler of the Times, there are a "range of sanctions" possible if the breaches are proven, including expulsion from the league.

The squad entered Monday in second place in the Premier League table with 45 points in 21 matches, trailing Arsenal by five points.

Italian giants Juventus were deducted 15 points in Serie A last month as a result of transfer dealings. The club dropped from third in the league to mid-table and could find itself in a relegation battle rather than competing for a place in the Champions League.

Manchester City have transformed into one of the top clubs in the world since being purchased by the Abu Dhabi United Group in 2008. The team has won the Premier League title in each of the last two years with six total championships since 2012. The Citizens haven't finished lower than third since 2010-11.

The club has notably been extremely aggressive acquiring top players, spending €2.3 billion on transfer fees since 2008, per Transfermarkt.

The £100 million signing of Jack Grealish in 2021 was a British record until it was broken last week by Chelsea and Enzo Fernandez.

Last September, Manchester City was not among the eight clubs fined by UEFA under Financial Fair Play rules, although the governing body said it will monitor City closely going forward.

La Liga president Javier Tebas also made a formal complaint against the club after the signing of Erling Haaland from Borussia Dortmund.

"[City] must have done something, because Haaland asked the clubs for more apart from the 60 million that have been paid," Tebas said in June.

The latest allegations raise further questions about Manchester City's financial practices.