Concerned non-compliance with the rules of fair play.
The English football champion Manchester City was this Friday banned for two seasons in European competition due to non-compliance with financial fair play rules, announced the Adjudicatory Chamber of the UEFA Financial Control Body (CFCB).
Citizens reacted with a statement saying they would appeal the decision. “Manchester City is disappointed, but not surprised by today’s announcement by the UEFA Adjudicatory Chamber. The club knew from the start of the need to seek an independent body that would impartially judge the irrefutable evidence in its favor. In December 2018 , the person responsible for UEFA’s investigation has publicly anticipated the outcome of this process and the sanction to be applied to Manchester City, even before any investigation has started “, appears on the official website.
“In short, this was a case initiated by UEFA, processed by UEFA and tried by UEFA. With this preliminary ruling completed, the club will seek to have an impartial judgment as soon as possible and will, in the first instance, initiate proceedings before the Court Sports Arbitrator “, he adds.
In a statement, UEFA explains that the process concluded that there were, on the part of the English club represented by the Portuguese João Cancelo and Bernardo Silva, “significant breaches” of the laws of financial fair play established by the European football summit, namely through overvaluation of sponsorship revenues between 2012 and 2016, so they will be left out of European competitions to qualify in 2020/21 and 2021/22, in addition to paying a fine of 30 million euros.