Premier League champions Manchester City have responded to the ongoing rumours of a possible Champions League ban due to a breach of FFP rules, saying the club is ‘fully cooperating in good faith with the CFCB IC’s ongoing investigation.’
The accusation of financial irregularities began a few months back, with City branding the statements as false. However, according to a recent report on the New York Times, it says that members of the investigatory chamber (IC) of UEFA’s Club Financial Control Body would recommend a one-season ban from the Champions League as punishment for FFP infringements by Man City.
In an official statement released by Manchester City, the club maintained they were cooperating fully with UEFA‘s investigation and the rumours are only an outcome of individuals who intend on damaging the Club’s reputation and its commercial interests.
It read: “Manchester City FC is fully cooperating in good faith with the CFCB IC’s ongoing investigation. In doing so the Club is reliant on both the CFCB IC’s independence and commitment to due process; and on UEFA’s commitment of the 7th of March that it ‘….will make no further comment on the matter while the investigation is ongoing.’
“The New York Times report citing “people familiar with the case” is therefore extremely concerning. The implications are that either Manchester City’s good faith in the CFCB IC is misplaced or the CFCB IC process is being misrepresented by individuals intent on damaging the Club’s reputation and its commercial interests. Or both.
“Manchester City’s published accounts are full and complete and a matter of legal and regulatory record. The accusation of financial irregularities are entirely false, and comprehensive proof of this fact has been provided to the CFCB IC.”
Should Man City be found to have infringed on any FFP rules, this would mean trouble for the Premier League champions, as this could incur heavy punishments, including an exclusion from UEFA competitions.