The Court of Arbitration for Sport (Cas) has registered Manchester City’s appeal against their two-year ban from European club competition.
The ban which involves “serious breaches” of Uefa’s financial regulations also came with a fine of 30m euros (£25m) for the Premier League champions.
According to reports from BBC, City chief executive Ferran Soriano disclosed that, the breaches are “simply not true”.
Cas commenting on the ban says, “it is not possible” to say when the matter will be resolved.
On the procedures, it was also disclosed that, Cas arbitration procedures involve an exchange of written submissions between the parties while a panel of arbitrators is convened to hear the appeal.
In a new development, reports from the independent adjudicatory chamber of the Club Financial Control Body (CFCB) reveals that City had broken the rules by “overstating its sponsorship revenue in its accounts and in the break-even information submitted to Uefa between 2012 and 2016”,
In addition, it found out that the club “failed to cooperate in the investigation”.
The English Premier League Champions who have made up their mind to appeal also said they were “disappointed but not surprised” by the “prejudicial” decision.
German newspaper Der Spiegel published leaked documents in November 2018 alleging City had inflated the value of a sponsorship deal, misleading European football’s governing body; this prompted an investigation which was launched by Uefa.