City are accused of overstating sponsorship revenue to hide their failure to comply with Uefa’s financial fair-play rules between 2012 and 2016. In addition to the ban, they were also fined €30 million. — Reuters pic
“The hearing has started well and the video conference is working well,” Matthieu Reeb, the secretary general of the Lausanne-based CAS, said. However, the billions invested in players and managers have not yet delivered the club’s first Champions League title. A two-season ban from the competition would represent a huge blow to City’s prestige, finances and hope of keeping manager Pep Guardiola and key players like Kevin De Bruyne and Raheem Sterling.
The further loss of gate receipts and commercial revenue would make it extremely difficult for the club to meet FFP regulations without cutting costs.“Based on our experience and our perception, this seems to be less about justice and more about politics,” said CEO of the City Football Group Ferran Soriano.
Source: Law Daily Report (lawdailyreport.net)
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