English Champions Manchester City could miss the UEFA Champions League tournament next season if they are found guilty of breaking FIFA financial rule.
City could face a possible ban from participating in next season’s UEFA Champions League as the Club Financial Control Body Investigatory Chamber(CFCB IC) have begun their investigations.
According to Manchester City, they are fully cooperating as investigations go on concerning Financial Fair Play rule which they are alleged to have broken.
In the Club’s statement, City stated that the irregularities are entirely false, and comprehensive proof of this fact has been provided to the CFCB IC.
A statement from Manchester City read:
“Manchester City FC is fully co-operating in good faith with the CFCB IC’s (club financial control body investigatory chamber) ongoing investigation.
“In doing so the club is reliant on both the CFCB IC’s independence and commitment to due process; and on UEFA’s commitment of March 7 that it ‘…will make no further comment on the matter while the investigation is ongoing’.
“The New York Times report citing ‘people familiar with the case’ is therefore extremely concerning.
“The implications are that either Manchester City’s good faith in the CFCB IC is misplaced or the CFCB IC process is being misrepresented by individuals intent on damaging the club’s reputation and its commercial interests. Or both.”
“Manchester City’s published accounts are full and complete and a matter of legal and regulatory record. The accusation of financial irregularities are entirely false, and comprehensive proof of this fact has been provided to the CFCB IC.”
However, UEFA have refused to comment on the issue as they claim it is unethical to comment on an ongoing investigation.
A statement from UEFA read:
“We do not comment on ongoing investigations regarding financial fair play matters.”