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Context from Wikipedia on the organisations, people and places in this story.
Association football club in England
Manchester City Football Club, commonly referred to as Man City or simply City, is a professional football club based in Manchester, England, that competes in the Premier League, the top flight of English football. Founded in 1880 as St. Mark's, they became Ardwick Association Football Club in 1887 and Manchester City in 1894. The club's home ground is the City of Manchester Stadium in east Manchester, to which they moved in 2003, having played at Maine Road since 1923. Manchester City adopted their sky blue home shirts in 1894, the first season with the current name.
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Michael Carrick, Mikel Arteta, Bayern’s Vincent Kompany and others have responded after City were found guilty of 114 financial breaches.