Arsenal superfan Jeremy Corbyn's bombshell verdict on punishment to be dished out to Man City

Speaking to The Standard, the Islington North MP also called for the club to be fined millions of pounds to be reinvested into grassroots football.

Mr Corbyn said: “This is a seismic judgement which demands seismic consequences.

“That includes a significant points deduction that results in their inevitable relegation.

Jeremy Corbyn on the night that Arsenal became Premier League winners for the first time in 22 years

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“There should also be a substantial fine, the proceeds of which should all go to grassroots football,” which he later stressed should be in the millions of pounds.

The former Labour leader and now independent MP added: “The league should also seriously consider stripping them of their titles.

“If their titles weren’t won fairly, why should they keep them?

“Remember, underneath these breaches are countless trophies and titles that other clubs and fans should have celebrated.”

He also argued that “greed and selfishness in the Premier League is out of control”.

Man City strongly denies committing the alleged breaches and is said to be appealing the verdict.

Liam Gallagher arriving for the UK premiere of Oasis: Don't Look Back In Anger, at Cineworld Leicester Square, central London

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There is said to be little appetite in the Premier League to strip Man City of any titles but such a move could ultimately be decided by an independent panel.

Culture Secretary Lisa Nandy stressed it was in the interest of fans from all clubs that the dispute does not “drag on any longer”.

The eight time Premier League winners have been found guilty on virtually all counts of breaching the Premier League’s financial rules, according to reports.

The club were charged in February 2023 with more than 100 breaches of league rules.

Man City has been found guilty of mass ruling-breaking, according to reports

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The charges date back to the 2009-10 season, since which time City have won multiple major trophies.

David Bernstein, City chairman between 1998 and 2003, said: “I can’t give a view on the punishment. If they are found, after the appeal, guilty of 115 charges, my beloved club is going to face a very severe penalty.

“All I would say is that money is not sufficient, it would have to be something, unfortunately, more drastic than that.”