Manchester City have been banned from UEFA club competitions for the next two seasons, European football’s governing body has announced.
The Premier League club were found to have “committed serious breaches of the UEFA Club Licensing and Financial Fair Play Regulations.
A statement by UEFA read: “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.
“The Adjudicatory Chamber has imposed disciplinary measures on Manchester City Football Club directing that it shall be excluded from participation in UEFA club competitions in the next two seasons (ie: the 2020/21 and 2021/22 seasons) and pay a fine of 30 million euros.”
They are allowed to continue competing in this season’s Champions League, where they face 13-time winners Real Madrid in the last-16.
Man City have said they are “disappointed but not surprised” by UEFA’s announcement and will appeal against the punishment at the Court of Arbitration for Sport “at the earliest opportunity.”
The statement read: “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.
“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 judgement as quickly as possible and will therefore, in the first instance, commence proceedings with the Court of Arbitration for Sport at the earliest opportunity.”
In the absence of a successful appeal, Pep Guardiola’s side would be unable to compete in the competition until the 2022/23 campaign.
Findings published by UEFA also state that the club “failed to cooperate in the investigation of this case by the CFCB”.