English club, Manchester City has been banned by European football governing body, UEFA, for two years and hit with a £25m fine.
Man City, coached by Pep Guardiola and owned by Sheikh Mansour bin Zayed Al Nahyan of the Abu Dhabi ruling family, were found guilty by Uefa’s Club Financial Control Body (CFCB) of falsely inflating their sponsorship revenues to make it look like the club was making more money than it was spending on player purchase, when submitting financial accounts as part of the Financial Fair Play (FFP) compliance process.
With this new ban, Man City will now be suspended from any UEFA European competition for the next two seasons.
Man City have announced that they will appeal the case with the Court of Arbitration for Sports (CAS).