Manchester City are in danger of being banned from the UEFA Champions League following allegations that they breached Financial Fair Play rules, according to multiple reports emerging this evening.
It’s being claimed that the Premier League champions’ holding company paid nearly £60 million of Etihad’s yearly sponsorship deal, with just £8 million of that actually coming from the airline.
UEFA president Aleksander Ceferin reportedly confirmed on Tuesday that a ‘concrete case’ is being investigated by the governing body.
Ceferin is quoted as saying, “We are assessing the situation. We have an independent body working on it. Even if I knew more I couldn’t tell you but very soon we will have answers on what will happen.”
City have already fallen foul of Financial Fair Play rules in their early days, receiving a £49 million fine and squad limits in the Champions League.
A ‘senior UEFA source’ said if they are found guilty of a second breach, ‘sporting sanctions’ could be placed on the club, potentially including a ban from Europe’s leading cup competition.
Some of the back pages on this worrying situation for the Blues: