Shocking news hit the soccer world on Friday as UEFA announced that Manchester City has been banned from Champions League play for the next two seasons and fined € 30 million. The punishment is subject to appeal to the Court of Arbitration for Sport (CAS). If and when Manchester City Football Club exercises their appeal right, the full reasoned decision will not be published prior to the final decision of the CAS.
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 also found that in breach of the regulations the Club failed to cooperate in the investigation of this case by the CFCB.
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.
Manchester City is currently involved in the 2019-2020 Champions League Round of 16. They travel to face Real Madrid on February 26th in a first leg matchup. They will host Real Madrid in the second leg on March 17th. Manchester City is favored to advance at -177, with Real Madrid a +145 underdog at DraftKings Sportsbook. Manchester City has the second best odds (+425) to win the whole thing, behind only Liverpool (+400).
The quarterfinals draw is set for March 20th.
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