Manchester City hit a fine of 25 m and banned from the Champions League for two years by UEFA English club, Manchester City has been banned by UEFA, the governing body of European football, for two years and hit a fine of £2m.
ManCity, coached by Pep Guardiola and owned by Sheik Mansour bin Zayed Al Nahyan of the Abu Dhabi ruling family, was found guilty by Uefa’s Club Financial Control Body (CFCB) of falsely inflating their sponsorship revenues to make it look like the club was making more money than it was spending on player purchases when submitting financial accounts as part of the Financial Fair Play (FFP).
The FFP was formed by UEFA to prevent European clubs from spending more money than they earn as income.
With the FFP, European clubs stopped overspending player wages, limiting the amount that owners are able to use their own cash to cover losses.
With this new ban, Man City will be suspended from any European UEFA competition for the next two seasons.
Man City has announced that they will refer the case to the Court of Arbitration for Sports (CAS).
The verdict passed by FIFA follows an investigation into the fact that after the German magazine Der Spiegel ‘ leaked’ e-mails and documents in November 2018 alleging Man City owner Sheik Mansour bin Zayed Al Nahyan mostly financed £ 67.5m-a-year sponsorship of the club’s shirts, stadiums and academies through the Etihad airline.
The club’s statement on Friday said: “Manchester City is disappointed but not surprised by today’s announcement by the UEFA Adjudication Chamber. The Club has always anticipated the ultimate need to seek an independent body and process to impartially consider a comprehensive body of irrefutable evidence in support of its position.
“In December 2018, the UEFA Chief Prosecutor publicly predicted the result and the fine that he expected to be handed over to Manchester City before any inquiry had even started.
The ensuing flawed and regularly leaked UEFA procedure that he oversaw ensured that there was little doubt as to the result that he would achieve. The Club has officially lodged a complaint with the UEFA Disciplinary Body, which has been upheld by a ruling of the CAS.
“This is simply a case launched by UEFA, handled by UEFA and determined by UEFA. With this prejudicial process now over, the Club must make an unbiased decision as soon as possible and will therefore launch proceedings in the first place.