Manchester City have been banned from European competitions for the next two seasons for"serious financial fair-play breaches", UEFA announced on Friday, with the verdict immediately contested by Pep Guardiola's English champions.
"Manchester City is disappointed but not surprised by today's announcement by the UEFA Adjudicatory Chamber," the club said. City lost a previous appeal to CAS over UEFA's original decision to refer them to its adjudicatory chamber over the alleged FFP violations.The investigation into City was based on leaked emails published last year by German magazine Der Spiegel as part of"Football Leaks".Guardiola's City outfit currently sit second in the Premier League table, meaning that the fourth Champions League slot available for English teams would likely go to the fifth-placed club this term.
Seven-time European champions AC Milan were banned from this season's Europa League for FFP breaches.
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