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Man City referred to UEFA financial body in fair play probe

AFP  |  London 

Manchester City said Thursday they were "disappointed" but "not surprised" after being referred to UEFA's adjudicatory chamber for alleged breaches of financial fair play rules.

In 2014, the champions were fined ?49 million ($63 million) and subjected to squad, wage and spending caps in a settlement agreed with football's European governing body following a previous breach of the rules.

began a new probe after further allegations were made in German publication last year.

The reports alleged that City, bankrolled by Sheikh Mansour, a member of Abu Dhabi's royal family, had set up sponsorship deals to circumvent regulations limiting how much money owners can put into a club.

City could reportedly face a season-long ban from if they are found to have breached the regulations but it is not known if supports such a penalty.

introduced the Financial Fair Play (FFP) rules to prevent clubs that qualify for its competitions from spending beyond their means and avert what then-called "financial doping" within the game.

"The (CFCB) chief investigator, after having consulted with the other members of the independent investigatory chamber of the CFCB, has decided to refer Manchester City FC to the CFCB adjudicatory chamber following the conclusion of his investigation," said in a statement on Friday.

"The CFCB investigatory chamber had opened an investigation into Manchester City FC on 7 March 2019 for potential breaches of Financial Fair Play (FFP) regulations that were made public in various " The club immediately responded, saying in a statement the accusation of financial irregularities "remains entirely false".

"The decision (to refer the case) contains mistakes, misinterpretations and confusions fundamentally borne out of a basic lack of due process and there remain significant unresolved matters raised by Manchester City FC as part of what the club has found to be a wholly unsatisfactory, curtailed, and hostile process," the club added.

- Serial winners -

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City were bought by Sheikh in 2008 and the club have since been transformed into serial winners after decades of under-achievement.

A win against Watford in Saturday's would secure the first domestic treble in English football history after the club, managed by Pep Guardiola, won the League Cup earlier this season and retained their title.

The said in March it was investigating financial matters and academy recruitment at City.

Qatari-backed Paris Saint-Germain have faced a similar UEFA probe over the 400 million euros ($449 million) spent to sign Brazilian forward and striker

But in March, the backed the French club against UEFA.

CAS upheld PSG's appeal against a decision by UEFA to reopen a probe into the club's compliance with FFP regulations.

UEFA had originally cleared PSG of wrongdoing.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, May 16 2019. 21:41 IST
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