Manchester City have been banned from the Champions League for the next two seasons by Uefa and fined €30m (£25m) after they were found to have seriously misled European football's governing body and broken financial fair play rules.
Man City out of Champions League
The decision was announced on Friday evening and has taken the footballing world by storm. UEFA found that the club had seriously misled the continent's governing body and had broken the rules set down by Financial Fair Play.The UEFA Financial Fair Play Regulations (FFP) were established to prevent professional football clubs spending more than they earn in the pursuit of success and in doing so getting into financial problems which might threaten their long-term survival.
Manchester City have failed in an initial bid to have the Court of Arbitration for Sport (Cas) halt Uefa's investigation into a possible breach of Financial Fair Play (FFP) rules. Reports alleged City deliberately misled Uefa so they could meet FFP rules requiring clubs to break even.
The independent Adjudicatory Chamber of the Club Financial Control Body (CFCB) has ruled that Manchester City Football Club committed serious breaches of the UEFA Club Licensing and Financial Fair Play Regulations (FFP) by overstating its sponsorship revenue in its accounts and in the break-even information submitted
Manchester City are now facing a Premier League points deduction, as their punishment for “serious breaches” of Uefa Financial Fair Play also represents a breach of the domestic competition's regulations.
Financial Fair Play (FFP) was established by UEFA to make sure that football clubs were not spending more than they earned and, in doing so, prevent them from falling into financial troubles which may endanger their long-term survival – and, in their words, "improve the overall financial health of European football".
Financial Fair Play (FFP) is an initiative by UEFA that aims to improve the financial conditions of European football clubs. While the principles of these regulations do get revisited and updated, the core principles are still: Improve economic and financial capabilities of football clubs.
Manchester City have been banned from the Champions League for the next two seasons by Uefa and fined €30m (£25m) after they were found to have seriously misled European football's governing body and broken financial fair play rules.
Man City out of Champions League
The decision was announced on Friday evening and has taken the footballing world by storm. UEFA found that the club had seriously misled the continent's governing body and had broken the rules set down by Financial Fair Play.City have been banned for the next two seasons, after "serious breaches" of Uefa's club licensing and financial fair play regulations. They have said they will appeal it. "The club are a huge, huge football club now. People will still want to sign for Manchester City," Brown said on BBC Radio 5 Live.
UEFA's decision states that Man City are disqualified from competing in UEFA club competitions, and this includes the Europa League. They state that Man City “shall be excluded from participation in UEFA club competitions in the next two seasons (ie.
1) Heroes to zeroes? Manchester City have received a two-year ban from European football for breaching Uefa's financial fair play rules. There are rumours growing about further consequences, including that the back-to-back champions could be facing a points deduction and could even be forced to drop down to League Two.
City were co-founders of the Premier League upon its creation in 1992, but after finishing ninth in its first season they endured three seasons of struggle before being relegated in 1996.
The majority of Premier League clubs do NOT want Manchester City to be relegated after they were found guilty of breaching financial fair play regulations, reports claim. But City could well be spared relegation to the Championship as many clubs feel such a punishment would be 'a step too far'.
League Managers Association chief executive Richard Bevan has said the Premier League season will be cancelled if clubs do not agree to play at neutral grounds. The Premier League has been on hiatus since March due to the coronavirus pandemic but is hoping to resume play in June under the "Project Restart" initiative.
