UEFA announced in a statement that City had committed “serious breaches” of the rules while the Premier League club swiftly said on their website that they will appeal the decision to the Lausanne-based Court of Arbitration for Sport .
An absence from Europe would have a significant impact on the club’s revenue and their prestige. Liverpool earned €111 million from UEFA for winning last season’s competition. The Adjudicatory Chamber of UEFA’s Club Financial Control Body 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.”
FILE PHOTO: Soccer Football - Manchester City v FC Barcelona - UEFA Champions League Group Stage - Group C - Etihad Stadium, Manchester, Britain - November 1, 2016 Manchester City fan. - Action Images via Reuters/Jason Cairnduff/File PhotoDescribing themselves as “disappointed but not surprised” by the decision, City took aim at the investigation process.
City face Real Madrid later this month in the last 16 of this season’s Champions League as Guardiola tries to secure a trophy that the club have never won.“UEFA are finally taking decisive measures. Enforcing financial fair play rules and punishing financial doping is essential for the future of football. We’ve been asking for severe action against Manchester City and Paris Saint Germain for years. Better late than never,” tweeted Tebas.
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