The chances of Manchester City coach Pep Guardiola staying in the Etihad may be in doubt after they have been hit with Uefa ban.
As a result of breaches of Financial Fair Play, Manchester City was banned from Uefa club competitions for two seasons and handed a €30m fine.
According to European football’s governing body, the defending Premier League champions had 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’.
Evening Standard reveals that, the ban will last till 2022, ruling City out of the 2020/21 and 2021/22 renewals of the Champions League, regardless of whether they qualify for them.
Reports from UEFA Adjudicatory Chamber states that, City had ‘failed to cooperate in the investigation of this case’.
City have the right to appeal the decision to the Court of Arbitration for Sport, and in a statement said they were ‘disappointed but not surprised’ by the verdict.
The City statement read: “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.’’