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Manchester City hit with £25m fine & banned from Champions League for two years by UEFA

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City were found guilty by Uefa’s Club Financial Control Body (CFCB) of falsely inflating their sponsorship revenues when submitting accounts as part of the FFP compliance process.

And that means they will now be suspended from any UEFA European competition for the next two seasons as well as being hit in the pocket.

The guilty verdict follows an investigation that was triggered after German magazine Der Spiegel “leaked” emails and documents in November 2018.

FFP was formed by UEFA to prevent European clubs from spending more money than they make as income.

With FFP, European clubs stopped overspending on player wages, restricting the amount owners are able to use of their own cash to cover losses.

With this new ban, Man City will now be suspended from any UEFA European competition for the next two seasons.

Man City have announced that they will appeal the case with the Court of Arbitration for Sports (CAS).

The verdict passed by FIFA follows an investigation that after German magazine Der Spiegel “leaked” emails and documents in November 2018 alleging Man City owner Sheikh Mansour bin Zayed Al Nahyan was mostly funding the £67.5m-a-year sponsorship of the club’s shirts, stadium and academy via Etihad airline.

A statement from the club on Friday said: “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 seek out an independent body and process to impartially consider the comprehensive body of irrefutable evidence in support of its position.

“In December 2018, the UEFA Chief Investigator publicly previewed the outcome and sanction he intended to be delivered to Manchester City, before any investigation had even begun. The subsequent flawed and consistently leaked UEFA process he oversaw has meant that there was little doubt in the result that he would deliver.  The Club has formally complained to the UEFA Disciplinary body, a complaint which was validated by a CAS ruling.


“Simply put, this is a case initiated by UEFA, prosecuted by UEFA and judged by UEFA. With this prejudicial process now over, the Club will pursue an impartial judgment as quickly as possible and will therefore, in the first instance, commence proceedings with the Court of Arbitration for Sport at the earliest opportunity.”

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Frederick Nuetei Nortey known professionally as Frederick Nortey is a Ghanaian Celebrity Blogger and publicist.He founded fredericknuetei.com an entertainment website and blog that primarily publishes news about Ghanaian Celebrities.

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Breaking: Diego Armando Maradona passed on at 60

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Breaking: Diego Armando Maradona passed on at 60

News reaching fredericknuetei.com indicates that Argentina football legend Diego Maradona has died after suffering cardiorespiratory arrest.

Read Also: Help us to help you – Merqury Quaye urges musicians to show love to Disc Jockeys

This sad incident is said to have happened on November 25, 2020. Maradona won the 1986 World Cup with Argentina and also played for Barcelona at club level as well as Napoli, who he helped lead to the Serie A title.

Read More: Vanessa, mother of Funny Face’s twin girls welcomes new baby amid their relationship brouhaha

May his soul rest in perfect peace!

Source: fredericknuetei.com

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Christian Atsu’s Mother Reportedly Dead

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Christian Atsu’s Mother Reportedly Dead

Ghana winger, Christian Atsu has lost his mother some few hours ago.

Read More: “You Don’t Practice What You Preach” – Eddie Khae Replies Kuami Eugene In A New Video

Atsu broke the news out on his Facebook page and wrote;“Your life was a blessing, your memory a treasure, you are loved beyond words and will be missed beyond measure as you left us today #RIPMum 💔😢,” 

Read More: “We Have Peace In The Industry But We Have No Love” – Kuami Eugene

Reports has it that his mother, Madam Afiko was battling an illness for sometime now. Our condolence to him and his family. Please checkout the screenshot below: 

Source: fredericknuetei.com

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