City are understood to have failed to provide accurate financial information, as well as failing to cooperate with investigations spanning nine seasons, from 2009/10 to 2017/18. The club have denied any wrongdoing and the case will be heard by an independent commission later this year.
Speaking on BBC Radio Manchester's 'We're Not Really Here' podcast, football finance expert Maguire and lawyer Borson, who was once a financial adviser at the Etihad Stadium, were asked whether there would be a chance that the two parties agree on a settlement before hearing.
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