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.

An independent commission found that City arranged “sham contracts” with a number of commercial partners as part of a scheme to disguise secret funding of more than £830m.

The league confirmed City have been found guilty of all charges related to breaches of financial rules between the 2009-10 and 2017-18 seasons, and all but one in relation to failure to co-operate with the investigation.

The club continue to deny any wrongdoing and have until 2 October to submit an appeal.

During that nine-year period the Sky Blues won the Premier League three times, with Richards part of their title-winning squad in 2011-12.

“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 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 heartbreaking.

“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.”

City chairman Khaldoon Al Mubarak said in a statement on Saturday that the club is still confident of proving its innocence, while on Tuesday chief executive Ferran Soriano said in a video message, external to staff and players that “irrefutable evidence” had been “ignored” by the commission.

City won their second Premier League title in 2013-14, overtaking Liverpool during the run-in to finish two points above the Reds.

Former Liverpool defender Jamie Carragher, who retired in 2013, said: “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.

“The players were told everything was fine. What the [City] 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.”

The 2013-14 season was the closest that Carragher’s long-time team-mate Steven Gerrard came to winning the Premier League title.

“Those players will never get that feeling and it was robbed by Man City,” Carragher added on Sky Sports News.

“No-one remembers the medal. Giving trophies or medals back, it doesn’t mean anything. It’s not about medals, it’s about feelings.”