Manchester City found guilty:
Independent Commission delivered its findings
Majority of charges relating to failure to cooperate also upheld
The Premier League says the breaches involved financial arrangements that artificially inflated revenues and reduced costs by more than £900 million
Sanctions are yet to be decided
City say they are disappointed and surprised and will appeal

Premier League CEO Richard Masters said the decision details how City broke league rules over nearly a decade.
The next major question is now: What punishment will Manchester City face?
More updates to follow.

Important update of this article: earlier reports said 114 of 115 charges had been upheld. The Premier League's official announcement now describes City as guilty of all charges relating to the serious financial breaches, while also saying the majority of the separate non-cooperation charges were upheld

Sanctions have not yet been determined, including City been relegated, stripped of titles, or deducted points until an official sanction is announced.