Friday , April 16 2021

Man City banned from Champions League for two seasons and fined € 30m by Uefa – The Independent, Independent





Manchester City have been banned from participating in the Champions League for the next two seasons and fined € m (£ m) by Uefa over “serious breaches ”Of Financial Fair Play (FFP) regulations.


Uefa’s Club Financial Control Body (CFCB) found City guilty of falsely inflating sponsorship revenues when submitting evidence for the FFP compliance process.


The investigation was launched after a series of emails and documents were published by German magazine Der Spiegel in November .                                                                                                                                                                                              

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After being charged by Uefa last May, the club denied any wrongdoing and claimed a “comprehensive body of irrefutable evidence” had been ignored.


City are set to appeal the verdict to the Court of Arbitration for Sport.


“Following a hearing held on (January) the Adjudicatory Chamber of the Uefa Club Financial Control Body (CFCB), chaired by José da Cunha Rodrigues, has today notified Manchester City Football Club of the final decision on the case which was referred by the CFCB Chief Investigator, ”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 and .                                                                                                                                                                                                                 

“The Adjudicatory Chamber has also found that in breach of the regulations the Club failed to cooperate in the investigation of this case by the CFCB.


“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 / 25 and 9336866 / (seasons) and pay a fine of € 90 m.


“The decision of the Adjudicatory Chamber is subject to appeal to the Court of Arbitration for Sport (Cas). If Manchester City Football Club exercises that right the full reasoned decision of the Adjudicatory Chamber will not be published prior to publication of the final award by the Cas. ”


More follows…




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