The governing body of European football, UEFA has placed two years ban on the English club, Manchester City and also hit with a fine of £25m. Manchester City was found guilty by the UEFA’s Club Financial Control Body (CFCB) for increasing the club’s sponsorship revenues to make it look like the club was making more money than it spends on purchasing players.
This was discovered when the club submitted a financial account statement in compliance with the Financial Fair Play Policy which restricts a club from spending more on purchasing players than it actually makes on revenue to avoid losses.
Reasonably, Manchester City will be restricted from participating in any UEFA European competition for the next two years.
Expectedly, the English club has vowed to appeal the case with the Court of Arbitration for Sports (CAS). Not competing in UEFA games for two years is too much of a burden on the club.
This was contained in a statement released from the club on Friday 14, February, it reads:
Manchester City is disappointed but not surprised by today’s announcement by the UEFA Adjudicatory Chamber. 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.
In December 2018, the UEFA Chief Investigator publicly previewed the outcome and sanction he intended to be delivered to Manchester City, before any investigation had even begun. The subsequent flawed and consistently leaked UEFA process he oversaw has meant that there was little doubt in the result that he would deliver. The Club has formally complained to the UEFA Disciplinary body, a complaint which was validated by a CAS ruling.
Simply put, this is a case initiated by UEFA, prosecuted by UEFA and judged by UEFA. 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.”