Emerging reports claim that the football governing body in Europe UEFA has banned Manchester City from playing in two consecutive Champions League seasons
The English champions were also slammed with a staggering €30 million fine after they were found guilty of breaking financial fair play rules.
UEFA said in a statement that City had committed “serious breaches” of the rules while the Premier League club swiftly said they intended to appeal the decision to the Lausanne-based Court of Arbitration for Sport (CAS).
The ruling, if upheld, would mean City would not be able to compete in next season’s Champions League should they again qualify for Europe’s top club competition.
UEFA’s FFP rules are intended to prevent clubs receiving unlimited amounts of money through inflated sponsorship deals with organisations related to the owners.
The Adjudicatory Chamber of UEFA’s Club Financial Control Body (CFCB), said City had broken the rules by “overstating its sponsorship revenue in its accounts and in the break-even information submitted to UEFA between 2012 and 2016” and added that the club “failed to cooperate in the investigation”.