Manchester City could find themselves in a 'financial catastrophe' if they try to hold onto their superstar lineup, should they face relegation from the Premier League after being confirmed for breaching financial fair play rules. An independent commission has ruled the club guilty of all allegations spanning a nine-year period, including the use of 'phantom' contracts totaling over £900 million.
Former Everton CEO Keith Wyness believes that homegrown talent Phil Foden might stay with the team to aid their return to the top flight:
Yes, I can see Foden remaining, being a lad from Manchester and all that. But as I've said, the pressure on wages and expenses will be enormous.
According to Wyness, the club will need to streamline its expenses to avoid a fate similar to that of Sheffield Wednesday, suggesting that most of their star players would likely leave. He also pointed to Scottish side Rangers, who have successfully navigated their way back up through the lower leagues after a relegation without inflicting irreparable damage on the club.
