34 C
Abuja
Sunday, February 23, 2020

Manchester City banned from UEFA Champions League for two years

Must Read

What You Need to Know About Robert O’Brien New U.S National Security Adviser

    President Donald Trump recently appointed Robert C. O'Brien as the new U.S National Security Adviser, NSA.   Trump  revealed last week...

” The king has returned to the top, says Fury after defeating Wilder

  The 31-year-old Briton twice knocked down reigning champion Wilder before finally claiming victory in the seventh round when the...

SERAP, others sue Gbajabiamila, Reps over ‘plan to spend N5.04bn on 400 exotic cars’  

  The Socio-Economic Rights and Accountability Project (SERAP) and 192 concerned Nigerians have filed a lawsuit asking the Federal High...

 

Premier League giants Manchester City have been banned from the UEFA Champions League for two years after being adjudged to having committed “serious breaches” of financial fair play rules.

“Following a hearing held on 22 January 2020, the Adjudicatory Chamber of the UEFA Club Financial Control Body (CFCB), chaired by Jose, da Cunha Rodrigues, has today notified Manchester City Football Club of the decision on the case which was referred by the CFCB Chief Investigator,”  UEFA said in a statement.

“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 (i.e. the 2020/21 and 2021/22 seasons) and pay a fine of €30 million ($32.5 million).

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 If Manchester City Football Club exercises that right the full reasoned decision of the Adjudicatory Chamber will not be published prior to publication of the final award by CAS.”

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

What You Need to Know About Robert O’Brien New U.S National Security Adviser

    President Donald Trump recently appointed Robert C. O'Brien as the new U.S National Security Adviser, NSA.   Trump  revealed last week...

” The king has returned to the top, says Fury after defeating Wilder

  The 31-year-old Briton twice knocked down reigning champion Wilder before finally claiming victory in the seventh round when the American's corner threw in the...

SERAP, others sue Gbajabiamila, Reps over ‘plan to spend N5.04bn on 400 exotic cars’  

  The Socio-Economic Rights and Accountability Project (SERAP) and 192 concerned Nigerians have filed a lawsuit asking the Federal High Court in Abuja to “restrain...

Saving Lives : NNPC Donates Tissue Transplant Medical Equipment Worth Over N200M to Kano Teaching Hospital

  The Nigerian National Petroleum Cooperation (NNPC) donated tissue typing and cross match laboratory equipment worth over N200 million to the Aminu Kano Teaching Hospital (AKTH)...

How notorious SARS officers killed footballer in Ogun

Remo Stars Football Club (RSFC) Assistant Captain and Defender, Tiyamu Kazeem (Kaka) has been killed by a policeman from the Special Anti Robbery Squad...

More Articles Like This

- Advertisement -