Published on : 02/14/2020 – 19:51Modified : 02/14/2020 – 20:08
UEFA has announced the exclusion of Manchester City from all European competitions due to non-compliance with the rules of financial fair play. The English club has declared that it intends to appeal the sanction, which covers the next two seasons, before the Sports Arbitral Tribunal.
Thunderbolt on European football. The defending England champion Manchester City club have been excluded from the European Cups for the next two seasons for breaking financial fair play rules, UEFA announced on Friday 14 February 2020.
The club, currently 2e of the Premier League and qualified for the 8es Champions League final, was also fined 30 million euros. Manchester City immediately announced that it would appeal to the Sports Arbitral Tribunal (CAS).
The judging chamber of the Club Financial Control Commission (ICFC) considered that the club, coached by Pep Guardiola, had been guilty of “serious violations” of the rules of financial fair play, which prohibits a club engaged in European competition to spend more than it earns and closely controls the capital injections from the owners.
Manchester City, owned by a member of the royal family of Abu Dhabi, is thus punished for having “overvalued the income from sponsorship contracts, in its accounts for the period 2012-2016.
As a result, the club is “excluded from European competitions for the 2020/21 and 2021/22 seasons”, decided UEFA.
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.
The starting point of the investigation opened by UEFA, the Football Leaks, an investigation carried out by a consortium of European newspapers, had revealed the use by the Mancunian club of overvalued sponsorship contracts and diverted contracts to lighten its mass wage.
Manchester City had already been fined in 2014 for 60 million euros, including 20 million firm, for violating the rules of financial fair play.