Manchester City have been banned from the UEFA club competitions for the next two seasons by Europen football governing body, UEFA.
The club was found to have deceived the football governing body as well as broken financial fair play rules.
It said Manchester City overstated its sponsorship revenue in its accounts and in the break-even information it submitted between 2012 and 2016.
UEFA also fined the club €30 million (equivalent of £25 million) for the heinous offense.
In a statement issued on Wednesday, 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 also found that in breach of the regulations the Club failed to cooperate in the investigation of this case by the CFCB.
“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.”
Manchester City, however, can appeal the decision to the Court of Arbitration for Sport (CAS) stated further by UEFA:
“The decision of the Adjudicatory Chamber is subject to appeal to the Court of Arbitration for Sport (CAS).
“If Manchester City Football Club exercises that right the full reasoned decision of the Adjudicatory Chamber will not be published prior to publication of the final award by the CAS.”
The footballing body noted by the Adjudicatory Chamber that the club has the right to appeal this decision to the Court of Arbitration for Sport.
Therefore, it said it will not be commenting further on this decision at this stage pending the determination of the sport court.
Manchester City, last year, retained the English Premiership League (EPL) title they won the previous season back to back.