Manchester City has been banned from all UEFA games for the next two seasons and has fined £ 24.9 million for & # 39; serious offenses & # 39; to the UEFA & # 39; s Financial Fair Play and club license rules.
A jury room of the club's financial control body (CFCB) has found the Premier League champions guilty of serious infringements of the UEFA Club permits and the financial rules for fair play.
In a statement, UEFA said that City "overestimated its sponsorship income in its accounts and in the break-even information provided to UEFA between 2012 and 2016".
Man City says they are "disappointed but not surprised" by the verdict and describes the trial as "harmful", and will bring the case before the Court of Arbitration for Sport.
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They issued a statement with the following text: “Manchester City is disappointed but not surprised by today's announcement by the UEFA Adjudicatory Chamber. The club has always anticipated the ultimate need to find an independent body and process to impartially consider the comprehensive set of irrefutable evidence supporting its position.
“In December 2018, the UEFA Chief Investigator gave a public preview of the outcome and sanction that he intended to be imposed on Manchester City even before an investigation was started. The subsequent flawed and consistently leaked UEFA process that he led meant that there was little doubt about the result he would deliver. The club has formally filed a complaint with the UEFA Disciplinary Authority, a complaint that was validated by a CAS decision.
“Simply put, this is a case initiated by UEFA, prosecuted by UEFA and reviewed by UEFA. Now that this disadvantageous process is over, the club will make an impartial assessment as quickly as possible and therefore in the first instance initiate proceedings at the Court of Arbitration as quickly as possible. "
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