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

Wizkid, Davido, Burna Boy And Olamide Don’t Praise God In Their Songs – Portable [Video]

Nigerian singer Portable has spoken about the kind of music released by some of the…

18 hours ago

I Won’t Allow My Sister To Marry A Man Doing POS – BLord [Video]

Nigerian businessman BLord has shared his views on marriage and why he believes financial stability…

20 hours ago

Nigerian Soldiers Invade UNIOSUN Hostels, Accused Of Assaulting And Stealing From Students

The management of the University of Osun (UNIOSUN) says soldiers from the Army Depot in…

1 day ago

Nigeria Warns Against Attacks On Citizens As Anti-Migrant Protests Begin In South Africa

Nigerian government has warned that it will not accept attacks on its citizens living in…

1 day ago

Veteran Nollywood Actor Elegbeje Ado Is Dead

Veteran Yoruba Nollywood actor Taiwo Adeshina, popularly known as Elegbeje Ado, has passed away. It…

2 days ago

Court Grants Omoyele Sowore N200m Bail In Cybercrime Trial

A Federal High Court in Abuja has granted N200 million bail to African Action Congress…

2 days ago