Manchester City BANNED from UEFA Champions League for TWO YEARS for breaking financial fair play rules
Added 02-14-20 02:37:02pm EST - “Premier League giants Manchester City have been sensationally banned from the UEFA Champions League for two years after being adjudged to having committed "serious breaches" of financial fair play rules.” - Rt.com
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The news broke late on Friday as a statement from UEFA laid out the ruling of a hearing held at the end of January.
“Following a hearing held on 22 January 2020, the Adjudicatory Chamber of the UEFA Club Financial Control Body (CFCB), chaired by Jose, da Cunha Rodrigues, has today notified Manchester City Football Club of the decision on the case which was referred by the CFCB Chief Investigator,” the statement began.
“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 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 (i.e. the 2020/21 and 2021/22 seasons) and pay a fine of €30 million ($32.5 million).
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