In an unprecedented and shocking turn of events, UEFA has decided to ban Manchester City from playing in the UEFA Champions League for next two seasons for violating UEFA financial regulations.
UEFA released a statement on Friday announcing an extremely harsh punishment for Man City’s Financial Fair Play breaches.
Manchester City Football Club committed serious breaches of the UEFA Club Licensing and Financial Fair Play Regulations by overstating its sponsorship revenue in its accounts and in the break-even information submitted to UEFA between 2012 and 2016.
“[The Adjudicatory Chamber [of the UEFA Club Financial Control Body] has also found that in breach of the regulations the Club failed to cooperate in the investigation of this case by the CFCB.”
Man City cannot participate in UEFA club competitions in the next two seasons (the 2020/21 and 2021/22 seasons) and must also pay a fine of €30 million ($32.5 million).
Manchester City also released a statement following the announcement stating that they will be appealing the decision at the Court of Arbitration for Sport.
Manchester City is disappointed but not surprised by today’s announcement by the UEFA Adjudicatory Chamber. 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.”
City said the UEFA Chief Investigator conducted a “flawed” investigation and they were expecting this outcome.