By Ekene Dike
Champions of England have been banned from participating in the Uefa Champions League for two years for breaching the Financial Fair Play Rules.
The English Premier League club is also to pay a €30 million as fine.
After an investigation carried out by the Adjudicatory Chamber of Uefa’s Club Financial Control Body (CFCB), Manchester City have been found guilty of “overstating its sponsorship revenue” between 2012 and 2016.
UEFA’s statement read: “The Adjudicatory Chamber, having considered all the evidence, has found that 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 Adjudicatory Chamber has imposed disciplinary measures on Manchester City Football Club directing that it shall be excluded from participation in UEFA club competitions in the next two seasons (ie. the 2020/21 and 2021/22 seasons) and pay a fine of €30 million.
However, Manchester City responded with a statement on their website, saying UEFA made the decision even before the investigation had started.
“Manchester City is disappointed but not surprised by today’s announcement by the UEFA Adjudicatory Chamber,” the statement said. “The Club has always anticipated the ultimate need to seek out an independent body and process to impartially consider the comprehensive body of irrefutable evidence in support of its position.