UEFA Champions League investigators want to ban Manchester City for one season if they are found guilty in breaking financial rules.
The final decision will be made by Yves Leterme, the chief investigator.
The chairman of the investigatory panel of the independent financial control board of UEFA will make a recommendation within this week, he is also the former prime minister of Belgium.
If the club is found guilty, Manchester City will be banned from the UEFA Champions League for one year.
What exactly did Manchester City do?
Yves Leterme, the chief investigator, and his investigating team looked at a piece of evidence that was uncovered in a newspaper article that was published by Der Spiegel last year, Der Spiegel is a German newspaper.
The reports said that the club broke the Financial Fair Play regulations set by the organization, the newspaper company alleged that the club inflated the value of a multimillion-pound sponsorship deal. The club has been fined in 2014 for a number of regulations, Manchester City had to pay £49 million.
The PL (Premier League) said that the club has not done anything wrong, and UEFA said that they cannot comment on the investigation as it is still going on, but according to a news agency, investigators want to place a one year ban on Manchester City.
The adjudicatory chamber of UEFA will also have to decide if they agreed with any recommendations from Yves Leterme, the chief investigator.
The club is also facing investigations for signing youth players. They could also face a transfer ban.
The Manchester City released a statement, it said, “Manchester City FC is fully cooperating in good faith with the CFCB IC’s [Club Financial Control Body Investigatory Chamber] 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 7 March that it ‘will make no further comment on the matter while the investigation is ongoing. ”
The statement added, “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.”