According to a New York Times report published on 13 May, UEFA’s financial control board is nearing the end of its investigation into City’s potential breach of financial fair play. European football’s governing body has been collecting information on this matter for several months, and it is believed a verdict could be reached this week.
The information gathered includes a series of articles published by Der Spiegelin November 2018. Upon UEFA’s review, it is expected the investigatory committee of the Club Financial Control Body will recommend Manchester City be barred from UEFA Champions League contention for at least one season. Should the Sky Blues be found guilty, however, it is unclear when the ban would be implemented.
City were previously found guilty of violating FFP in 2014, where they paid a financial fine. Moreover, they competed in the 2014/15 Champions League with a reduced squad.
FIFA, the EPL and the English Football Association are conducting their own investigations into this matter.
As expected, the Sky Blues have adamantly denied breaching regulations surrounding FFP. In their club statement, the Mancunians stated they are fully cooperating with the investigation and that the “accusation of financial irregularities are entirely false.” Moreover, City claim “individuals intent on damaging the club’s reputation” may be the cause of the recent publication in the New York Times.
Should they be found guilty, the Sky Blues would appeal the decision to the Court of Arbitration for Sport. The club stated they have “comprehensive proof” they did not violate FFP.
UEFA would not provide any comments on the ongoing investigation.