The European Football Associations (UEFA) has banned Manchester City from competing in the Champions League for two years (2020/21 and 2021/22 seasons) including a fine of €30 million (£25m/$33m). Manchester City was found guilty of breaching Financial Fair Play rules. Following a series of allegations published by German magazine “Der Spiegel” in November 2018, Adjudicatory Chamber of UEFA’s Club Financial Control Body (CFCB) started the investigation and found Man City guilty of overstating its sponsorship revenue between 2012 and 2016. UEFA stated that it found Manchester City Football Club committed serious breaches of the UEFA Club Licensing and Financial Fair Play Regulations by overstating its sponsorship revenue in its accounts and in the break-even information submitted to UEFA between 2012 and 2016. The UEFA’s Adjudicatory Chamber also found that in breach of the regulations, Man City failed to cooperate in the investigation of this case by the CFCB. Manchester City denied all allegations, said that it was disappointed in UEFA Adjudicatory Chamber’s decision.
Source: Viewers Corner News.