Following the Der Spiegel publications on how Manchester City allegedly violated financial fair play regulations, UEFA’s Club Financial Control Board opened a case on 7 March 2019 to investigate the matter.
Following the announcement, Manchester City released a club statement which said they were “disappointed, but regrettably not surprised” with the CFCB’s decision.
In their statement, City argued the “accusation of financial irregularities” to be “entirely false” and that they have “irrefutable evidence” to combat the allegations made against their club. Moreover, the Sky Blues stated the decision made by the CFCB contained “mistakes, misinterpretations and confusions fundamentally borne out of a basic lack of due process and there remain signification unresolved matters” raised by the club as part of what they deem to be a “wholly unsatisfactory, curtailed, and hostile process.”
UEFA would not provide any additional comments on the CFCB’s decision.
The adjudicatory chamber will now examine the case. Should Manchester City be found guilty of violating FFP, it is believed the Sky Blues could be banned from the UEFA Champions League for at least one season. If found guilty, the club would likely appeal the decision to the Court of Arbitration for Sport.
The CFCB adjudicator chamber will announce their verdict at a later date.