Manchester City have confirmed they have lodged an appeal against the guilty verdict handed down to them for breaching the Premier League's financial regulations.

On Tuesday, the Premier League confirmed that an independent commission had found Man City guilty of all the serious charges that were brought against them in 2023.

The commission found that between the 2009-10 and 2017-18 seasons, City arranged "sham" contracts with a number of its commercial partners to "artificially inflate" their revenues and reduce costs to the tune of £900m.

City were also found to have misstated accounts and concealed the true state of their finances from auditors and football regulators, to have breached the Premier League and UEFA's spending limits and to have committed multiple breaches of their duty to co-operate fully, with three of four charges in the latter case being upheld.

Premier League chief executive Richard Masters said: “The core decision establishes the facts of what happened at Manchester City during this period. It details how the club systematically broke Premier League Rules for nearly a decade.

"This disciplinary case, and this decision, are the most significant in Premier League history. There are elements of the case that remain to be decided, including, importantly, what sanction must follow for these breaches.

"Now we have the commission's decision, we are committed to moving swiftly through the remainder of the process, to provide certainty for the League, our clubs and fans."

City were given until Friday to lodge their appeal, and the club have now lodged that claim.

A City statement read: "The club's firm position is that, on multiple grounds, the opinion contains clear material errors, of law, principle and fact and is unsafe.

"The club is innocent of the accusations made by the Premier League and a comprehensive body of irrefutable evidence exists in support of all of its positions, relating to this case.

"We will continue to respect due process and are necessarily restricted in what we can say further until all proceedings are complete."

Earlier on Friday, the Football Association (FA) stated the case has "significant implications for the integrity of the game".

The FA added: "As proceedings between the Premier League and Manchester City Football Club remain ongoing, we do not intend to comment further at this stage/

"We will, however, continue to monitor developments closely."