UEFA panel to recommend Man City Champions League ban

UEFA panel to recommend Man City Champions League ban

Numerous allegations regarding City's financial wrongdoings were brought to light by the so called 'Football Leaks' files earlier this year, and are said to include emails and private club documents that show the club's attempts to "circumvent UEFA's financial fair-play regulations by masking cash infusions from a United Arab Emirates state-backed investment company through inflated sponsorship agreements with entities including the U.A.E.'s national airline, Etihad", according to the report today in the American media.

The club have been under investigation by Federation Internationale de Football Association, the Premier League, the FA and UEFA since March, as allegations that the club have breached FFP regulations in their pursuit of dominance reach fever pitch.

UEFA's group investigating City's finances are believed to have finalised their conclusions during a meeting in Nyon, Switzerland two weeks ago.

Investigators looking into allegations that Manchester City misled those conducting a financial fair play probe are reportedly seeking a one-year Champions League ban for the reigning Premier League champions, according to the New York Times.

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It would come as a huge blow to City and their mega-rich owners, after Pep Guardiola's men celebrated a fourth Premier League title in eight seasons on Sunday.

They have, however, failed to advance beyond the quarter-finals of the Champions League under the Spaniard, meaning it is the only arena in which his City side are still to prove themselves as the top level - and won't be able to for the foreseeable if there is any truth in the latest developments.

Earlier this season, Manchester City released a statement denying any misconduct, saying, "The accusation of financial irregularities are entirely false".

City, who were fined 60 million euros ($67.3 million) and subjected to the squad, wage and spending caps in a 2014 settlement agreed with UEFA following a previous breach of the rules.

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