Manchester City may be expelled from the Premier League after they were charged with more than 100 alleged breaches of financial rules.
Other possible punishments for City include a points deduction, relegation, transfer bans, spending limits and even the stripping of previous titles.
The investigation into the Citizens' dealings has lasted for four years and now the Premier League have published their findings on their website with the club admitting they were "surprised" in a brief and defiant statement.
At this stage, City have been charged but not found guilty but they would not be able to appeal to the Court of Arbitration for Sport if the ruling does go against them.
The charges relate to breaching financial regulations over nine seasons between 2009 and 2018 - plus further charges of failing to cooperate and hand over documents as required over the last five seasons from 2018-2019 to 2022-2023