The club was also fined 30 million euros for “serious breaches” of European soccer’s financial regulations.
the governing body for soccer in Europe, found that Manchester City had been guilty of multiple violations related to club licensing and so-called financial fair play rules — cost controls put in place by UEFA to try to mitigate the growing gap between rich clubs and poor ones in European leagues. UEFA also noted that Manchester City had failed to cooperate with UEFA’s investigators. The club also was fined 30 million euros ($32.5 million).
Uefa’s decision means City now facing up to Premier League points deduction for this season.
Manchester City has vigorously denied wrongdoing, and its officials had warned UEFA that they would mount an aggressive response to any effort to bar the club from the competition. “The accusation of financial irregularities are entirely false,” City said in a statement last year, after news media reports that it would face a one-year ban.
UEFA’s rules permit sponsorships from companies linked to a club’s owners, provided the agreements are struck at prices that reflect the market rate. The Etihad deals allowed the club to report tens of millions of dollars in income that was used to offset spending on new players.
I just hope and pray Mancity get a favourable judgment at CAS, they are my second choice club after Barcelona and Pep is my man any day any time.