Since being bought by the UAE in 2008, Manchester City have become one of the world's most successful football clubs. A raft of serious financial charges threatens to undermine this and bring chaos to the Premier League.

Manchester City's fate in a legal battle with the Premier League is yet to be sealed, but reports they have been found guilty on widespread financial misconduct has sparked speculation of what comes next.

Manchester City artificially inflated its revenue by more than $1 billion over nearly a decade, in part through “sham” commercial deals, according to a report published Tuesday. Premier League's chief…