Ferran Soriano, the chief executive of English football club Manchester City, has said that the allegations of financial irregularities on the club are absolutely false. According to the sports report, the UEFA last week banned the club from participating in the European tournament for two years due to a violation of the license and financial rules and also fined them 30 million euros.
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Soriano said in a statement, "The most important thing I have to say today is that the allegations that have been leveled against the club are wrong. It is completely wrong." Money has not been announced which has not been announced. We are a sustainable club, we are running in profit. We do not have debt. Our accounts have been checked many times by auditors, regulators, investors and there is no wrong in it. Was found. "He said that the city had assisted in the investigation process and the claims were false, providing many proofs.
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The club can be banned from participating in the Europa League, a tournament of the Champions League or the Second Division League of Europe until 2022 and 2023. The judging chamber of UEFA found Citi guilty of violating the UEFA club's license and financial regulations. According to the chamber, the English club told more about its sponsorship expenses. The chamber also accused the club of not cooperating in the investigation. The city has said against the two-year ban that it will appeal to the Lausanne position in the Sports Arbitration Court (CAS).
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