Earlier today, the Premier League charged Manchester City with “a number of alleged breaches of the Premier League Rules” in regard to the club’s financial dealings. You can read the Premier League’s statement here.
If found guilty, Manchester City could be fined, docked points, suspended, or even expelled from the Premier League. Manchester City are owned by City Football Group, an organization with an interest in 13 clubs including New York City FC. CFG own NYCFC outright.
Right now it’s unclear what these charges will mean for New York City FC.