The English champion has to pay a fine of EUR 30 million for financial fair play violations
The UEFA Finance Committee’s Independent Commission has reported that City has violated the rules by “inflating sponsorship contract money into its accounts and UEFA accounts in 2012-2016”. UEFA added that the club did not cooperate in the investigation.
Manchester City management came out with a position saying it was “disappointed but not surprised” by the decision and will appeal. “The club has always anticipated the urgent need to seek an independent body to consider impartially compelling evidence to support our position. In December 2018, the UEFA chief investigator publicly announced what outcome and sanction he intends to impose on Manchester City before The investigation was followed by a disturbed process that was constantly leaked to the media and we had little doubt as to what the outcome would lead to. however, it is a UEFA-initiated case that has been led by UEFA and is being sued by UEFA.
Such a punishment was talked about last summer, and the club tried to stop the whole investigation by filing a complaint with CAS to stop the UEFA investigation. However, sports arbitration rejected their claim.
Manchester City will play with Real Madrid (Madrid) in the Champions League semi-finals. It is not yet clear if manager Pep Guardiola and the big stars will stay in the club if CAS confirms the penalty from UEFA.