LONDON (AP) – UEFA has banned Manchester City for two seasons for “serious violations” of Champions League financial regulations.
The Abu Dhabi-based English Premier League champion was fined € 30 million in an investigation triggered by leaks indicating overrated sponsorship revenue from City.
The punishment prevents City from participating in a European competition, including the Europa League, until the 2022-23 season.
“After reviewing all the evidence, the jury found that Manchester City Football Club had committed serious violations of UEFA license and fair play rules by storing sponsor earnings in its accounts and in the break-even information provided by UEFA Meanwhile, was overvalued in 2012 and 2016, “said UEFA in a statement.
City said it would appeal the sanctions and criticize a “flawed” process.
“This is a case initiated by UEFA that is being followed up and judged by UEFA,” said the club. “Now that this disadvantageous procedure has been completed, the club will issue an impartial judgment as soon as possible and will therefore initiate proceedings at the sports arbitration board at the earliest possible date.”
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