English giants Manchester City have been banned from European club competition for the next two seasons, reports emerging on Friday have suggested.
This was after the club were found to have committed “serious breaches” of Uefa’s club licensing and financial fair play (FFP) regulations. As a consequence of this ruling, the reigning Premier League champions have also been fined 30m euros (£25m).
The decision is, however, subject to appeal to the Court of Arbitration for Sport with City, owned by Sheikh Mansour and the City Football Group, in a statement said they are disappointed but not surprised by the “prejudicial” decision and will appeal. City are believed to have broken the rules by overstating its sponsorship revenue in its accounts and in the break-even information submitted to Uefa between 2012 and 2016.
The independent Adjudicatory Chamber of the Club Financial Control Body (CFCB) said the club had also “failed to cooperate in the investigation”. It has been additionally reported that City could also face a Premier League points deduction as the league’s FFP rules are similar. “The club has always anticipated the ultimate need to seek out an independent body and process to impartially consider the comprehensive body of irrefutable evidence in support of its position.
With this prejudicial process now over, the club will pursue an impartial judgment as quickly as possible and will, therefore, in the first instance, commence proceedings with the Court of Arbitration for Sport at the earliest opportunity.”
City have been drawn to face Real Madrid in the last 16 of this season’s Champions League, with the first leg to be played on February 26 at the Bernabeu.