This year’s Premier League champions are at risk of receiving a ban from European competitions next season if found guilty of breaching FFP regulations.
However since the allegations were made, the club has maintained its innocence and at the same time expressed their disappointment at coming to know that it is a “wholly unsatisfactory and hostile” process that leaves the club facing potential sanctions and that this has been referred to the UEFA CFCB.
The Manchester club became aware of the possibility of being investigated by UEFA back in March and now it is being rumoured that this could cost them Champions League participation next season.
OFFICIAL: Manchester City have been referred to UEFA's adjudicatory chamber for breaches of Financial Fair Play regulations. pic.twitter.com/naegPVfb2S
— Squawka News (@SquawkaNews) May 16, 2019
A statement on the club’s official website read: “Manchester City Football Club is disappointed, but regrettably not surprised by the sudden announcement of the referral to be made by the CFCB IC Chief Investigator Yves Leterme.
“The leaks to media over the last week are indicative of the process that has been overseen by Mr. Leterme.
“Manchester City is entirely confident of a positive outcome when the matter is considered by an independent judicial body.
“The accusation of financial irregularities remains entirely false and the CFCB IC referral ignores a comprehensive body of irrefutable evidence provided by Manchester City FC to the Chamber.
“The decision contains mistakes, misinterpretations, and confusions fundamentally borne out of a basic lack of due process and there remain significant unresolved matters raised by Manchester City FC as part of what the Club has found to be a wholly unsatisfactory, curtailed, and hostile process.”
It’s not the first time City have been given punishments for FFP violations, but they have never been banned from European competitions for these reasons. In fact, in 2014, the Manchester club were handed a spending cap and had their Champions League squad reduced.
Further sanctions might be handed to City now, with UEFA revealing that the case has been passed on by those who initially opened it.
Club statement. https://t.co/IR44whJIf5
— Manchester City (@ManCity) May 16, 2019
Europe’s highest footballing authority released a statement saying: “The Club Financial Control Body (CFCB) chief investigator, after having consulted with the other members of the independent investigatory chamber of the CFCB, has decided to refer Manchester City FC to the CFCB adjudicatory chamber following the conclusion of his investigation.
“The CFCB investigatory chamber had opened an investigation into Manchester City FC on 7 March 2019 for potential breaches of Financial Fair Play (FFP) regulations that were made public in various media outlets.
“UEFA will not be making any further comment on the matter until a decision is announced by the CFCB adjudicatory chamber.”
No decision has yet been taken, but if they had to be found guilty, the punishment is expected to be quite a heavy one.