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Man City charged with breaking financial rules
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City drift to around 2/1 in title race market
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Guardiola shortens in next manager to leave betting
Manchester City drifted in the Premier League title winner market on the Betfair Exchange and the odds on Pep Guardiola leaving shortened after the club were charged with breaking financial rules.
At the time of writing the champions are 2.962/1 to retain the title with Arsenal 1.674/6, but the market is continuing to move.
On Saturday, after Arsenal lost to Everton, City regained favouritism before they lost to bogey club Tottenham Hotspur yesterday.
Now the market has swung back firmly in favour of the Gunners as City reel from the charges which relate to allegations that the club broke fairly financial play rules.
Guardiola exit shortens
It's not the only market to be affected and Guardiola is 11/2 in the Betfair Sportsbook next Premier League manager to leave market.
He recently signed a new contract that would keep him at the Etihad until 2025.
He had been around 100/1 before the Premier League announced that they were charging City following a four year investigation.
It has referred the club to an independent commission over alleged rule breaches between 2009 and 2018. The Premier League also accused City of not co-operating since the investigation started.
It is unlikely to be resolved soon but that hasn't stopped bettors abandoning City this morning.
They are 1.21/5 to finish in the Premier League top two but Manchester United, who are within three points of the champions, are 2.111/10.
City still favourites to win Champions League
City are the favourites to win the Champions League this season at 3.02/1 which indicates that bettors think the team will not be distracted by the charges.
They resume their campaign on 22 February against RB Leipzig in the round of 16.
It is the one major title that has eluded Guardiola since he took over at City in 2016 and the betting indicates that bettors think this is the Blues' year.
In 2020 Uefa ruled that City committed serious breaches of FFP regulations between 2012 and 2016. They were banned from European competitions for two years but that was overturned.
They will be hoping to emerge similarly unscathed following the Premier League's charges but activity on Betfair suggests that bettors think it could hurt them.