UEFA has banned English Premier League club Manchester City from playing in the European Champions League for the next 2 seasons due to 'serious violations' of financial rules. On Friday, UEFA said in a statement that in addition to banning Manchester City, it has also been fined 30 million euros ($ 32.5 million).
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UEFA said in a statement, "After considering all the evidence provided by the club, it was found that Manchester City did not correct sponsorship revenue in their accounts. It violated club licensing and financial fair play regulations Gaya." UEFA said that the club did not even cooperate in the investigation of the case. The association said, "The Chamber directed the Manchester City Football Club not to be allowed to participate in the UAEFA club competitions in the next two seasons (2020/21 and 2021/22 seasons). In addition, it was fined 30 million euros."
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Manchester City, however, can appeal against the UAEFA decision in the Court of Orbitration for Sports (Sports Arbitration). The Premier League club responded to the UEFA decision, saying it was disappointed, but not surprised by today's announcement. "The club has always felt the need to find an independent body and to consider irrevocable evidence in support of its position," the club said.
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