Manchester City has been banned from the Champions League and all other UEFA for two years after breaking the rules of financial fair play.
City has been found guilty by the UEFA club financial control authority (CFCB) of having wrongly inflated sponsorship income when submitting its FFP appeasement procedure.
The investigation was launched following leaks of emails and documents by the German magazine Der Spiegel in November 2018.
In a statement, UEFA said that the Premier League champions “had exaggerated its revenues from sponsorship in its accounts and in the break-even information submitted to UEFA between 2012 and 2016 ”.
Following a hearing on 22 January 2020, the arbitration chamber of the UEFA club financial supervisory body (CFCB), chaired by José da Cunha Rodrigues, informed the Manchester City Football Club today of the
final decision on the case which has been referred by the CFCB Chief Investigator.
The Arbitration Chamber, after examining all the evidence, found that the Manchester City Football Club had committed serious breaches of the UEFA club licensing and financial fair play regulations by exaggerating
sponsorship income in its accounts and in the financial balance information submitted to UEFA between 2012 and 2016.
“The Arbitration Chamber also concluded that, in violation of the rules, the Club had not cooperated in the investigation of this case by the CFCB.
The Arbitration Chamber imposed disciplinary measures on Manchester City Football Club by prohibiting it from participating in UEFA club competitions for the next two seasons (i.e. the 2020/21 and 2021/22
seasons) ) and pay a fine of € 30 million.”
Source: Actu Cameroun.