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krest22

16-05-2019 | 12:48 Football
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BREAKING: Manchester City to be investigated by UEFA amid concerns over Financial Fair Play breaches

Manchester City have been referred to Club Financial Control Body adjudicatory chamber by UEFA over a potential breach of FFP rules. UEFA's club financial control body chief investigator referred the club after a new probe was launched on March 7 after further allegations about the same period. City have responded to UEFA with the following statement: “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. “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 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. “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.” Reports this week suggested City may face a Champions League ban if found guilty after being fined and hit with a restriction on transfer spending after an initial breach in 2014.

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