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Former Manchester City chairman David Bernstein says reports that Manchester City are guilty of over a hundred financial rule breaches are "really seismic", saying the "penalties could be huge". Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

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00:00This is really seismic. I mean, this is not formally announced yet, and we're taking it that these charges will
00:08be found guilty, as we've now heard.
00:13It has huge consequences. The penalties could be huge. We don't know what they will be, and I'm not going
00:20to speculate, because it could be anything from a very big fine to being expelled from the Premier League.
00:26We just don't know. But the penalties are huge. The effects on players could be huge. The effect on sponsors
00:35also. We just don't know. It's sort of endless, this really.
00:39And it could be that the great success that my club has had over the last 10, 15 years could
00:45be in part expunged by all this, or at the very least tarnished by that, which is not what any
00:52City fan wants to hear.

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