Manchester City banned from all UEFA competitions for two seasons
14 February 2020, 18:49 | Updated: 14 February 2020, 20:06
Manchester City have been banned from taking part in the Champions League for the next two seasons and fined more than £24 million after being found to have committed "serious breaches" of financial regulations.
The team received the ban after being found to have "committed serious breaches of the UEFA Club Licensing and Financial Fair Play Regulations.”
Man City said they are "disappointed but not surprised" by UEFA's announcement and will appeal against the punishment at the Court of Arbitration for Sport.
The reigning Premier League champions overstated sponsorship revenue in accounts submitted between 2012 and 2016, according to European football's governing body.
In the absence of a successful appeal, Pep Guardiola's side would be unable to compete in the competition until the 2022/23 campaign.
Findings published by UEFA also state that the club "failed to cooperate in the investigation of this case by the CFCB".
The decision of the Adjudicatory Chamber of the Club Financial Control Body (CFCB) is subject to appeal to the Court of Arbitration for Sport (CAS).
In a statement, UEFA said: "The Adjudicatory Chamber, having considered all the evidence, has found that Manchester City Football Club committed serious breaches of the UEFA Club Licensing and Financial Fair Play Regulations by overstating its sponsorship revenue in its accounts and in the break-even information submitted to UEFA between 2012 and 2016.
"The Adjudicatory Chamber has imposed disciplinary measures on Manchester City Football Club directing that it shall be excluded from participation in UEFA club competitions in the next two seasons (ie: the 2020/21 and 2021/22 seasons) and pay a fine of 30 million euros."
But the club said they would be "pursuing an impartial judgement" on the case and will commence proceedings with the Court of Arbitration.
In a statement, they said: "Manchester City is disappointed but not surprised by today's announcement by the UEFA Adjudicatory Chamber.
"The club has always anticipated the ultimate need to seek out an independent body and process to impartially consider the comprehensive body of irrefutable evidence in support of its position.
"Simply put, this is a case initiated by UEFA, prosecuted by UEFA and judged by UEFA.
"With this prejudicial process now over, the Club will pursue an impartial judgement as quickly as possible and will therefore, in the first instance, commence proceedings with the Court of Arbitration for Sport at the earliest opportunity."