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.”
The Central Bank of Nigeria (CBN) has mandated banks operating within the country to start…
The Office of the Senior Special Assistant to the President on Sustainable Development Goals has…
The Commissioner for Physical Planning and Urban Development in Lagos, Oluyinka Olumide has revealed that…
Nigerian billionaire, Prince Arthur Eze has called on Nigerians to support the administration of President…
Nigerian songstress, Yemi Alade has slammed the Lagos State government over the recent demolitions of…
Hollywood actor Bernard Hill, known for his roles in "Titanic" and "Lord of the Rings,"…