Premier League champions Manchester City have appealed to the Court of Arbitration for Sport (CAS) over an investigation by European soccer body UEFA into potential breaches of financial fair play, the court said on Thursday (local time).
It said the appeal was against decisions taken by the Investigatory Chamber of UEFA's Club Financial Control Body (CFCB) regarding "alleged non-compliance with UEFA's Club Licensing and Financial Fair Play (FFP) Regulations."
Too strong: Manchester City celebrate another title success.Credit:AP
UEFA opened an investigation in March after German publication Der Spiegel reported City's Abu Dhabi owners had inflated sponsorship agreements to comply with FFP requirements.
FFP rules are intended to prevent clubs receiving unlimited amounts of money through inflated sponsorship deals with organisations related to the owners.
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Clubs who have breached the rules can be barred from European competition.
City have said the accusation of financial irregularities "remains entirely false" and they are confident of a positive outcome.
The club also said the CFCB IC referral ignored "a comprehensive body of irrefutable evidence providRead More – Source
Premier League champions Manchester City have appealed to the Court of Arbitration for Sport (CAS) over an investigation by European soccer body UEFA into potential breaches of financial fair play, the court said on Thursday (local time).
It said the appeal was against decisions taken by the Investigatory Chamber of UEFA's Club Financial Control Body (CFCB) regarding "alleged non-compliance with UEFA's Club Licensing and Financial Fair Play (FFP) Regulations."
Too strong: Manchester City celebrate another title success.Credit:AP
UEFA opened an investigation in March after German publication Der Spiegel reported City's Abu Dhabi owners had inflated sponsorship agreements to comply with FFP requirements.
FFP rules are intended to prevent clubs receiving unlimited amounts of money through inflated sponsorship deals with organisations related to the owners.
Advertisement
Clubs who have breached the rules can be barred from European competition.
City have said the accusation of financial irregularities "remains entirely false" and they are confident of a positive outcome.
The club also said the CFCB IC referral ignored "a comprehensive body of irrefutable evidence providRead More – Source
