We brought you all the latest reaction and analysis after it was confirmed Manchester City were found guilty of breaching the Premier League's financial rules.

We heard from football finance expert Kieran Maguire and former Liverpool managing director Christian Purslow as they helped explain the intricacies of one of the biggest cases in English football history.

Former players including Micah Richards, Jamie Carragher and Roy Keane also made their feelings clear while former City boss Pep Guardiola also broke his silence on the issue.

For more of the latest news, analysis and reaction on the topic, keep an eye on the BBC Sport website and app.

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In the past few minutes Pep Guardiola, who stepped down as Manchester City manager at the end of last season, has shared a message of support for the club and its fans on Instagram.

"I want every single Manchester City fan across the world to know I am here; more than ever," Guardiola wrote.

"I am, always have been, always will, be behind my club, my owner, my chairman, Ferran [Soriano], the players, staff, Enzo [Maresca] and you, our unique supporters.

"Let me be clear: we will get through this together."

He added "I love you all" before signing off with a blue heart emoji. His post accompanied a photo of him with City chairman Khaldoon Al Mubarak among others.

Guardiola led City to 17 major trophies, including six Premier League titles and a Champions League victory, during his 10-year reign at the club.

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Former Manchester United captain Roy Keane has said he would throw his "medals in the bin" if he were a Manchester City player after the club was found guilty of all charges related to breaches of the Premier League's financial rules.

Keane said the achievements of City's players had become redundant because of the "cheating" that took place during that time.

"If I was a player, I'd be 100% sticking those medals in the bin. Of course you would, it's cheating," Keane told ITV Sport ahead of England's match against the Czech Republic.

"They won it on the pitch because cheating was going on."

And on the club he added: "They knew it would hurt a lot of people, but they've still done it."

Keane's former United team-mate, Wayne Rooney, however, says his former club do not deserve to be awarded Premier League titles if their city rivals are stripped of them as punishment.

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Former Manchester City defender Micah Richards says he felt "absolutely devastated" after reading the Premier League's "damning" guilty verdict on the club's financial charges.

"The reports were troubling," he said on The Rest is Football podcast. "I saw the words which were used by the Premier League in 'sham contracts' and I felt absolutely devastated.

"I was at that club since I was 14 years old, I would die for that club. I achieved my dream at Manchester City, but then to hear these reports, and not only me as an ex-player, but the fans, what they have to go through, absolutely devastating."

While Richards was part of the City's youth academy he lived in 'digs' with a local family who are long-term supporters of the club.

The 38-year-old, who was part of their title-winning squad in 2011-12, added: "My digs man, he rang me and he was literally in tears and asking me about information, which I don't know. I haven't got the answers to tell him.

"That's someone who's supported the club for 60-odd years and the uncertainty around it is just heart-breaking. To have a headline of this nature for a club that I love so much, it's been difficult. If you listen to the reports, they are damning.

"I feel saddened, I feel angry, I feel a little bit confused because, on the other side, you have City's side of the story."

Tom Bason, football finance expert, joined BBC Radio 5Live to share his thoughts on Man City denying the allegations: "Man City put forward their defence in the court case.

"They said the league had misunderstood where the money came from, they put forward their case during the investigation.

"The panel said that City hadn't offered their explanation in the years before.

"If Man City have that smoking gun, you wonder why they didn't play it during the actual investigation."

BBC Sounds

If you want to hear the inside story of how the battle between the Premier League and Man City came about, then you can listen to the four-part podcast series on BBC Sounds, presented by Clive Myrie.

• Football on Trial: The Manchester City Charges

Yasin Patel, a barrister specialising in sport, spoke to BBC 5 Live about the question of whether Man City were spending their own money: "The way the rules are run - and we have to go back a few years - those football supporters who have seen their clubs close because of debt and overspending will highlight that their clubs fell into that situation. Their supporters and communities suffered because the owners at the time did not have the money, or were taking money out of the club, which they should not have done.

"Hence why rules were put in place by UEFA back in the early 2000s. Then the Premier League changed its rules so that clubs could have losses of up to £105m.

"I do sympathise with a lot of fans here. They’re right - we’re all pointing the finger at Man City, apart from those who live in the community and support them. They’ll say, ‘Look at us, we were there.’ These guys have come along and changed everything. They’ve changed Manchester, the blue side, helped the community and put them on the map.

"There is a point to be made that if they’re putting their own money into the club, and taking money out, it’s their own resources. But there are rules saying they shouldn’t do that, and if they have done that, they should have been open about it.

"Alternatively, if they haven’t shown the statistics and numbers they should have been showing in terms of auditing accounts, and payments have been hidden, that then takes it into a completely different category.

"The word ‘fraud’ has been used because they’ve been defrauding, in effect, the auditors and ultimately the Premier League."

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Former Liverpool defender Jamie Carragher says he feels sorry both for the Manchester City players and the players of other clubs who missed out on winning trophies.

“I feel for the players… they’ll almost feel like a lot of their career is going to have an asterisk, or a lot of people will be calling it a sham,” Carragher told Sky Sports.

“The players were told everything was fine, they would never get done for anything. What the hierarchy are coming out with now, they’re just gaslighting.

“I think the titles should be taken off their list. Whether other clubs get them is probably slightly different. City have not just hurt their own players.

“I don’t look at [the medals] years later, but my mind goes back to moments and feelings in my stomach. Those players will never get that feeling and it was robbed by City. No one remembers the medal. Giving trophies or medals back, it doesn’t mean anything. It’s not about medals, it’s about feelings.”

City are set to face Carragher's former club Liverpool in the league on October 11.

“Liverpool are probably the biggest losers in all this,” Carragher said.

“The atmosphere will be electric. In the last five years, Liverpool v City has been ‘the’ game of the Premier League.”

Former Liverpool managing director Christian Purslow, speaking to BBC Radio 5 Live, on what sanctions he would impose: "Let's be really clear, City could not be any clearer in denying these findings.

"When we finally reach the day of judgement, assuming it gets there, then I think there'll be a three part sanction. The sporting sanction, significant points reductions, it's obviously quite inevitable.

"The sooner that's applied the better, I think that hangs so damagingly over the league this year.

"Do Arsenal know as they try repeat their title whether they'll have that outcome affected by their main rival losing points? Do three times trying to stay up now find out it's only two will go down?"

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Former Liverpool managing director Christian Purslow, speaking to BBC Radio 5 Live, on whether he believes they will be stripped of their titles: "I think they probably will be in the case of a guilty verdict but I think the financial element is the second and vital ingredient of a sanction because the second most damaging element of this case is that clubs will be queuing up to seek compensation.

"There'll be a waterfall of compensation claims that have hung over Manchester City and the league for years. I do favour one, massive fine.

"I have an idea of a compensation plan where one big settlement is paid into the Premier League, negotiated by City and the league itself, then the league distributes that according to a formula which reimburses people in accordance to the scale of loss they suffered during when City were found to have breached the rules."