Manchester City has been banned from the Champions League for the next two seasons after being found to have committed “serious breaches” of UEFA’s spending rules.
The reigning English Premier League champion was also fined 30 million euros ($48.42 million).
The Abu Dhabi-owned club said it is “disappointed but not surprised” at the decision and would appeal to the Court of Arbitration for Sport against the sanctions, criticising a “flawed” process.
“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 club said in a statement.
“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.”
The verdict was delivered to Manchester City on Friday following a hearing of UEFA’s club financial control body on January 22.
“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,” UEFA said in a statement.
“The adjudicatory chamber has also found that in breach of the regulations, the club failed to cooperate in the investigation of this case.”
Manchester City plays Spanish side Real Madrid in the Champions League round of 16 later this month.
The club has never won the Champions League or its predecessor, the European Cup.
More to come.