Audit regulator makes inquiries into Manchester City accounting

An audit regulator is making inquiries into Manchester City's accounting. The step stops short of a formal investigation, and no formal proceedings have been opened so far.

Inquiries of this kind usually come before any decision on a full probe. The regulator gathers information and asks questions to judge whether a matter needs formal action. Because nothing formal has begun, there is no finding of wrongdoing and no announced sanction.

The club has been under scrutiny over its finances for years, so any new regulatory interest in its books draws close attention. Supporters, rival clubs and football authorities will be watching to see whether the inquiries develop into a formal case.