Sports

Manchester City issues statement over Financial Fair Play sanctions case

ANI | May 16, 2019 05:51 PM
Representative Image

Manchester [UK], May 16 (ANI): English football club Manchester City on Thursday issued a statement expressing their disappointment over their Financial Fair Play (FFP) sanctions case being transferred to the CFCB adjudicatory chamber.

"Manchester City Football Club is disappointed, but regrettably not surprised, by the sudden announcement of the referral to be made by the CFCB IC Chief Investigator Yves Leterme," Manchester City said in an official statement.

"The leaks to media over the last week are indicative of the process that has been overseen by Mr. Leterme. Manchester City is entirely confident of a positive outcome when the matter is considered by an independent judicial body," the statement added.

The newly crowned Premier League champions discovered in March that they were subjected to an investigation led by UEFA.

There have been speculations that the club may face a one season ban from Champions League if they are found guilty of breaching FFP regulations.

"The accusation of financial irregularities remains entirely false and the CFCB IC referral ignores a comprehensive body of irrefutable evidence provided by Manchester City FC to the Chamber," Manchester City said in an official statement.

"The decision contains mistakes, misinterpretations, and confusions fundamentally borne out of a basic lack of due process and there remain significant unresolved matters raised by Manchester City FC as part of what the Club has found to be a wholly unsatisfactory, curtailed, and hostile process," the statement added.

City have faced punishment for violating FFP regulations earlier as well, but they never been banned from the European competition.

In 2014, the club breached the regulations and they were handed a spending cap and reduced Champions League squad.

French football club Paris Saint-German also suffered a punishment the same year for the same reason.

UEFA also rolled out a statement earlier on this issue saying "The Club Financial Control Body (CFCB) chief investigator, after having consulted with the other members of the independent investigatory chamber of the CFCB, has decided to refer Manchester City FC to the CFCB adjudicatory chamber following the conclusion of his investigation.

(ANI)

Have something to say? Post your comment
Must Read
Webcasting scripts new success story in ensuring free, fair and transparent polls
Webcasting scripts new success story in ensuring free, fair and transparent polls
Sidhu’s out of turn outbursts amount to sabotage: Brahm Mohindra
Sidhu’s out of turn outbursts amount to sabotage: Brahm Mohindra
Senior Congress leader Tajinder Singh Bittu cast his vote
Senior Congress leader Tajinder Singh Bittu cast his vote
Chaudhary Santokh Singh along with his family cast their votes in Phillaur
Chaudhary Santokh Singh along with his family cast their votes in Phillaur
957 booths in Jalandhar to have webcasting today- general observer and DC
957 booths in Jalandhar to have webcasting today- general observer and DC
CPMF, Micro observers and webcasting at all 439 vulnerable polling booths for free, fair and transparent polls
CPMF, Micro observers and webcasting at all 439 vulnerable polling booths for free, fair and transparent polls
592 Polling Parties Dispatched For Polling Booths In The District
592 Polling Parties Dispatched For Polling Booths In The District
First voters from first time voter, PWD and senior citizen category to be awarded certificate by district administration
First voters from first time voter, PWD and senior citizen category to be awarded certificate by district administration
My wife would never lie: Navjot Singh on wife's claim against Amarinder Singh
My wife would never lie: Navjot Singh on wife's claim against Amarinder Singh
DC asks AROs to ensure basic facilities for poll staff during duty at dispatch/receiving centers, polling stations and counting centers
DC asks AROs to ensure basic facilities for poll staff during duty at dispatch/receiving centers, polling stations and counting centers
Modi raising  security threat to divert attention from threat to unity from BJP and RSS: Jakhar
Modi raising security threat to divert attention from threat to unity from BJP and RSS: Jakhar
Capt Amarinder shames ‘Divider in Chief’ Modi for lowering India’s global prestige
Capt Amarinder shames ‘Divider in Chief’ Modi for lowering India’s global prestige