Manchester City 'Could Miss Out' On £170 Million Over Financial Fair Play Breaches
Manchester City could miss out on up to £170 million following their Champions League ban for Financial Fair Play breaches.
City were banned from all UEFA competitions for two seasons on Friday evening after the Premier League champions were judged to have misled UEFA over their finances.
As well as the initial £25 million fine for breaching FFPP rules, City are set to miss out on their revenue from European games which is up to £72 million.
The prize money for winning the Champions League is up to £153 million resulting in City missing out on a lot of cash.
City have already stated they will fight the punishment and will appeal to the Court of Arbitration of Sport (CAS).
"Manchester City is disappointed but not surprised by today's announcement by the UFC 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.
"In December 2018, the UEFA Chief Investigator publicly previewed the outcome and sanction he intended to be delivered to Manchester City, before any investigation had even begun.
Blimey. @ManCity banned for 2 years from UEFA competitions. :flushed:
- Gary Lineker (@GaryLineker) February 14, 2020
"The subsequent flawed and consistently leaked UEFA process he oversaw has meant that there was little doubt in the result that he would deliver.
"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."
Pep Guardiola's side could also seem themselves receive a points deduction in the Premier League.
Per the Independent, league committees have already been in discussions about a punishment and a points deduction is 'highly likely.'
The issue is because to get a Premier League license clubs have to submit the same information that they have to submit to UEFA.
If that information to the European governing body wasn't true then it'll be the same for the league and, despite having more flexible FFP regulations, they would likely still be in breach.
Whilst a points deduction is seen as likely relegation is possible but unlikely.
The Football League recently changed its rules to mean any club in similar breach would have to start in League Two but the Premier League doesn't have that rule in place.
Featured Image Credit: PA