For not respecting financial fair play, Manchester City is suspended from European Cups for the 2020/2021 and 2021/2022 seasons. The club led by Pep Guardiola must also pay a fine of 30 million euros. The Mancunians have already announced that they will appeal to the Arbitration Tribunal for Sport (CAS).
UEFA has struck hard: the financial gendarme of the European body has decided to exclude Manchester City, defending champion of England, for the next two seasons for having broken the rules of financial fair play.
The club qualified for the knockout stages of the Champions League also received a fine of 30 million euros. He immediately announced that he was going to appeal to the Sports Arbitral Tribunal (CAS).
The judgment chamber of the Club Financial Control Commission (ICFC) found that City was guilty of “serious violations“Financial Fair Play (FPF) rules, which prohibit a club engaged in European competition from spending more than it earns and closely regulates capital injections from owners.
The club, owned by a member of the ruling family of Abu Dhabi, is punished for having “overvalued the income from sponsorship contracts, in its accounts for the period 2012-2016“.
afp / ace
Already in May …
The chief investigator of the ICFC, the former Belgian Prime Minister Yves Leterme, had recommended that City be suspended from the Champions League, in his report sent in May to the trial chamber, according to several media. Starting point of the investigation opened by UEFA, the Football Leaks had revealed the recourse by the Mancunian club to overvalued sponsorship contracts and to diverted contracts to reduce its wage bill. City had already been fined 60 million euros, 20 million of which was closed in 2014 for violating FPF rules.