Manchester City Edge Closer To Champions League Ban For Breaching FFP Regulations
City risk at least a one-season ban from the Champions League if the regulatory body found it guilty of an alleged inappropriate injection of funds into the club by the club's owners company Abu Dhabi United Group.
To prevent inflation in the football market, Financial Fair Play regulations suggests that there is a strict limit on the amount of fund a football club owner can inject into the club.
But City have been alleged of breaching the regulation after a leaked email in November indicted the owner of company of directed injected £59.5 million into Etihad annual sponsorship.
UEFA confirmed in a statement that the allegations levelled against City have been referred to the Club Financial Control Body (CFCB) of it adjudicatory chamber and investigations have commenced.
"The Club Financial Control Body (CFCB) chief investigator, after having consulted with the other members of the independent investigatory chamber of the CFCB," the body confirmed in a statement "has decided to refer Manchester City FC to the CFCB adjudicatory chamber following the conclusion of his investigation."
Back in 2014, City bagged £49 million in fine after it breached the FFP and were also given retriction of its transfer spending.
City were fined £49million and hit with restrictions on transfer spending and their Champions League squad after FFP breaches were originally investigated in 2014.
UEFA also confirmed in the statement that CFCB had opened investigation into the allegations on 7 March and maintained thag it "will not be making any further comment on the matter until a decision is announced by the CFCB adjudicatory chamber."
German publication Der Spiegel blew the lid off when it reported series leaks on how Manchester City breached the regulations in November. The outlet's publications are now being investigated by the adjudicatory chamber.
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