By Michael Shuaibu
The Manchester City, an English champions have been slammed with a heavy fine standing on a mouth-watering figure of €30 million for breaking the UEFA’s financial fairplay rules.
The football body accused the Champions of inflating their revenue to mislead the governing body.
Premier League giants, Manchester City, have also been sanctioned from playing matches for two seasons.
The English champions were also slammed with a staggering The €30 million fine was handed down by the football governing body after Manchester City was found guilty of breaking financial fair play rules.
The Citizens got into the hook of Club Financial Control Body (CFCB) following a discovery that it misled UEFA by increasing its sponsorship revenues when submitting accounts as part of the FFP compliance process.
Friday 14th, verdict of the erring European league was revealed that a huge percentage of Man City’s sponsorship was funded by City’s owner Sheikh Mansour bin Zayed Al Nahyan of the Abu Dhabi ruling family from his own purse.
From City shirt, stadium to the club’s academy the English champions were discovered to have been given financial backing by Sheikh Mansour in what contradicts UEFA’s fair play rules.
Meanwhile, the pronouncement means Pep Guardiola and his boys will not take part in any UEFA’s elite competition from next season and would also be made to pay the heavy fine for deliberate breaching of the rules and code of conduct.
The scale of the ban utmostly reflects UEFA’s strict position on offences bordering on breaking of the body’s rules and regulation.
Man City have however denied wrongdoings in a statement released by the club after the judgement was delivered.
”This is a case initiated by UEFA, prosecuted by UEFA and judged by UEFA,” Man City said in an official reaction statement.
”With this prejudicial process now over, the club will pursue an impartial judgment as quickly as possible and will therefore, in the first instance, commence proceedings with the Court of Arbitration for Sport at the earliest opportunity.
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