Steven Gerrard believes Manchester City should be stripped of titles or have asterisks placed next to their achievements as punishment for breaching Premier League financial rules. The former Liverpool captain has called for strong sanctions against City, including transfer bans and points deductions over multiple seasons, arguing that any action must set a precedent. An independent commission found City broke Premier League regulations relating to the provision of accurate financial information between the 2009-10 and 2017-18 seasons. City, who won 3-0 at Anfield on Sunday, have maintained their innocence and appealed against the commission's findings. Gerrard famously never won the Premier League title and was part of the Liverpool team which finished runners-up to City in the 2013-14 campaign. "I wouldn’t want individual players to give stuff back," he said, speaking on the latest episode of the Overlap Daily. "I don’t think that would be right. I wouldn’t accept anything. I’ve come to terms with where I am and what I achieved. But in terms of the club, they have to be stripped. "There needs to be an example set historically, in my opinion, whether that’s an asterisk throughout all the years and their achievements. "There needs to be, minimum, an asterisk. Because then it doesn’t matter whether the titles are stripped or not. "As soon as that asterisk is there, everyone knows that happened because of what we all know happened." Liverpool finished two points behind City in 2014 – Gerrard’s penultimate season with the Merseyside club. The 46-year-old rejected the suggestion City should be relegated to the Sky Bet Championship, arguing that such a move would unfairly disadvantage clubs competing for promotion from the English Football League. Instead, he favours punishments imposed over several seasons. "I think it needs to be a transfer ban," he said. "I think it needs to be points over a period of time. "And make them suffer like they’ve made everyone else suffer for the nine, 10 years that they’ve done it for." Watch Republic of Ireland v Kazakhstan in the FIFA Women's World Cup play-offs on Tuesday from 7pm on RTÉ2 and RTÉ Player. Follow our live blog on RTÉ.ie/sport and RTÉ News app and listen to live commentary on Inside Sport on RTÉ Radio 1 Watch Manchester City v PSG in the Champions League on Wednesday from 7.30pm. Follow our live blog on RTÉ.ie/sport and RTÉ News app