Manchester City’s bid to have the Court of Arbitration for Sport (CAS) halt UEFA’s FFP investigation has failed.
The CAS said City’s appeal was “inadmissible” at this stage because UEFA’s financial watchdog the Club Financial Control Body (CFBC) has not yet determined what, if any, punishment would be applied if they were found guilty.
The blues have been referred to the CFCB and if found guilty could face a Champions League ban, however as reported yesterday, a report by The Athletic understands City will escape a ban and be slapped with a fine instead.
The club have continued to deny and wrongdoing and have argued that UEFA did not have the authority to bring an FFP case against them. The investigation was launched by UEFA after German newspaper Der Spiegel published hacked documents that alleged City had inflated the value of a multimillion-pound sponsorship deal, misleading European football’s governing body.
A decision is due next month on City’s fate.