Manchester City has been found guilty on 114 of the 115 charges brought against it by the Premier League, the culmination of a financial-fair-play case first opened in 2023 over allegations City misrepresented its finances between 2009 and 2018. The single acquittal barely registers next to the scale of the conviction. City won four straight league titles across the period under scrutiny, the Etihad payroll and the Abu Dhabi ownership structure behind it never facing a verdict until now.

Here is the part that actually decides what happens next: sanctions have not been set, and the Premier League's own rulebook gives the commission a range running from a fine to a points deduction to expulsion. Everton and Nottingham Forest lost points last season for lesser breaches, so the floor is established; City's is a different order of case, and the number the league picks will tell you more about what it is willing to do to its own champion than 115 charges ever did. The trophies stay on the shelf. The bill is still being written.