Liverpool's owners pushed the Premier League to investigate Man City for possibly breaching FFP

Manchester City have been accused of breaking financial fair play rules

All is well at Manchester City.

The club could potentially win the quadruple this season.

Pep Guardiola's side beat Chelsea in the Carabao Cup final, lead the Premier League and are in the latter stages of both the FA Cup and the Champions League.

However, they have spent a lot of money to get where they are today.

Since Guardiola joined in 2016, the club have spent roughly £550 million on players. That is an obscene amount of money.

Many have wondered why no action has been taken against the club.

Financial Fair Play has been introduced to try and limit how much money club's can spend, but Man City have not been penalised as of yet.

But they could be soon.

On Thursday UEFA announced that they are investigating the English champions after the publication of leaked documents that indicate possible breaches of Financial Fair Play regulations.

And The Premier League confirmed they are also investigating Man City on Friday.

"The Premier League has previously contacted Manchester City to request information regarding recent allegations and is in ongoing dialogue with the club," their statement read, per BBC.

Pep Guardiola has spent £550 million in under three years at Manchester City

"The league has detailed financial regulations and strong rules in the areas of Academy player recruitment and third-party ownership.

"We are currently investigating these matters and will allow Manchester City every opportunity to explain the context and detail surrounding them."

And it turns out that Liverpool's owners were among those that encouraged them to act.

According to the Daily Mail, a group of American owners in English football’s top flight wanted the Premier League to look into the matter.

Pressure on the Premier League to act has come principally from clubs including Liverpool and Crystal Palace.

Tom Werner and John Henry are among those that wanted Man City to be looked into

There has long been a culture of strict financial regulation in American sports and owners from the country expected a similar culture in English football.

If a club breaches those rules they would want them appropriately sanctioned.

Pep Guardiola reacted to the news earlier on Friday and wanted the situation solved as soon as possible.

"I think the club made a statement yesterday I can’t add more than that," Guardiola said, per Manchester Evening News.

"The club is open and hopefully it can finish as soon as possible and decide what this is.

"I said last season I trust what the club has done but hopefully they can solve it as soon as possible."

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