The club said it was ‘disappointed and surprised’ by the independent commission’s verdict Key points and original sources are listed below.

• The club said it was ‘disappointed and surprised’ by the independent commission’s verdictS1S2

• An independent commission found Man City arranged ‘sham’ commercial deals with a number of its sponsors.S3

• Live updates as Manchester City and the Premier League release statements with the club found guiltyS4

• The Premier League issued an official statement, saying Manchester City was found guilty of all charges related to financial fraud.S5