Categories: Sports

Manchester City Banned From Champions League For 2 Seasons Due To Financial Irregularities

Manchester City have been banned from the Champions League for two seasons and fined the sum of €30 million ($32.5m) for committing serious breaches of Financial Fair Play rules.

Man City was accused of deliberately misleading UEFA over the value of a sponsorship deal in order to meet FFP rules which require clubs to break even.

In a remarkable ruling, the reigning Premier League champions have been hit with a two-season ban and fined €30 million by UEFA.

The ban means Man City will miss the 2020/21 and 2021/22 editions of a competition that they are desperate to win.

The Premier League club swiftly said it intended to appeal the decision to the Lausanne-based Court of Arbitration for Sport (CAS).

City said in a statement on their website: “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.

“In December 2018, the UEFA Chief Investigator publicly previewed the outcome and sanction he intended to be delivered to Manchester City, before any investigation had even begun.

“The subsequent flawed and consistently leaked UEFA process he oversaw has meant that there was little doubt in the result that he would deliver.

“The Club has formally complained to the UEFA Disciplinary body, a complaint which was validated by a CAS ruling.

“Simply put, this is a case initiated by UEFA, prosecuted by UEFA and judged by UEFA. 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.”

Tobias Sylvester

Tobias Sylvester is the news editor for Kanyi Daily News and is based in Lagos. Contact Tobias at editor@kanyidaily.com. Got a confidential tip? Submit it here

Recent Posts

CBN Directs Nigerian Banks To Impose 0.5% Cybersecurity Levy On All Transactions

The Central Bank of Nigeria (CBN) has mandated banks operating within the country to start…

8 hours ago

Attempt to blackmail OSSAP-SDGS hits brick wall as Police drags writer to court

The Office of the Senior Special Assistant to the President on Sustainable Development Goals has…

1 day ago

80% Of Lekki Buildings Have No Approval – Lagos Government

The Commissioner for Physical Planning and Urban Development in Lagos, Oluyinka Olumide has revealed that…

1 day ago

“Tinubu Will Change Nigeria After 8 Years, Support Him Before We Die” – Arthur Eze [Video]

Nigerian billionaire, Prince Arthur Eze has called on Nigerians to support the administration of President…

1 day ago

Yemi Alade Slams Lagos Government Over Demolitions Of Houses

Nigerian songstress, Yemi Alade has slammed the Lagos State government over the recent demolitions of…

1 day ago

Titanic and Lord of the Rings actor, Bernard Hill dies at 79

Hollywood actor Bernard Hill, known for his roles in "Titanic" and "Lord of the Rings,"…

1 day ago