MANCHESTER CITY INVESTIGATED BY UEFA
After being previously found to have breached Financial Fair Play rules in 2014 by UEFA, Premier League champions Manchester City are being investigated again by European football governing body for alleged FFP violations.
This comes after German magazine Der Spiegel had published a series of claims, based on leaked documents that the Etihad club had breached FFP rules.
UEFA have said the investigation “will focus on several alleged violations of FFP that were recently made public in various media outlets.”
Manchester City in a statement said “The accusation of financial irregularities is entirely false” adding, “Manchester City welcomes the openning of a formal UEFA investigation as an opportunity to bring to an end the speculation resulting from the illegal hacking and out of context publication of City emails.”
After being found guilty in 2014, City and UEFA reached a settlement that saw City fined £49m, alas the club had £32m from it suspended and also its Champions League squad for that season (2014-2015) reduced.
It has emerged that City made a forbidden £200,000 payment to Jadon Sancho’s agent when the winger was just 14 years old, something the Football Association is looking into- an allegation also made public in documents by Der Spiegel.
Back in January, UEFA’s chief FFP investigator Yves Leterme said the English club could face a Champions League ban if claims of irregularities were proven after reports by Der Spiegel alleged City had “deceived” European football’s governing body.