Man City Reject 'False Accusations' in Defiant Statement Following Champions League Ban Report

By
Pep Guardiola standing in front of a crowd: Manchester City v Leicester City - Premier League
Manchester City v Leicester City - Premier League

Manchester City have responded to a report regarding the UEFA investigation into their financial dealings, which suggested the club could face a ban from competing in the Champions League.

City have been under investigation for alleged breaches of Financial Fair Play, while a bombshell report from the New York Times (NYT) on Monday claimed that UEFA will seek a one-year ban from European competitions for the Citizens over allegations that the club had misled them with regards to sponsorship revenue, linking back to the club's owners in Abu Dhabi.

The New York Times ✔@nytimes
Manchester City, which won the Premier League title on Sunday, faces a one-year ban from the Champions League for misleading financial regulators about the money they poured into the team https://nyti.ms/2VAXiqc 
5,022
Twitter Ads info and privacy
Manchester City won its second straight Premier League title on Sunday.

UEFA Investigators Set to Seek Manchester City’s Ban From Champions League

Manchester City, eager to add a Champions League trophy, could face a ban of at least a year from the competition for lying about violations of UEFA’s financial reporting rules.
nytimes.com


 Following the report which suggested that a ​verdict had already been reached and that ​City would face a ban from European competition, the club have released a statement which raised concern over the details of the NYT's piece.

"​Manchester City FC is fully cooperating in good faith with the CFCB IC's [UEFA's Club Financial Control Body Investigatory Chamber] ongoing investigation," the statement on the club's ​official website reads.

"In doing so the club is reliant on both the CFCB IC's independence and commitment to due process; and on UEFA's commitment of the 7th of March that it ….will make no further comment on the matter while the investigation is ongoing"

"The New York Times report citing 'people familiar with the case' is therefore extremely concerning.

"The implications are that either Manchester City's good faith in the CFCB IC is misplaced or the CFCB IC process is being misrepresented by individuals intent on damaging the club's reputation and its commercial interests. Or both.

"Manchester City's published accounts are full and complete and a matter of legal and regulatory record.

"The accusation of financial irregularities are entirely false, and comprehensive proof of this fact has been provided to the CFCB IC."

UEFA themselves have been silent on the matter thus far, though they have confirmed that an ​investigation is currently ongoing.

Comments

Post a Comment

Popular posts from this blog

Prostitution; Nigerian Women At Growing Risk From Human Traffickers In Germany.

By
Image
According to InfoMigrants, Nigerian women are at growing risk from traffickers in Germany who exploit and engage them in prostitution. Read the full report below by InfoMigrants. The new prostitute protection law in Germany was meant to identify victims of human trafficking – most of them migrant women. More than 18 months after the law came into effect, thousands continue to be targeted for exploitation, and the risk for Nigerian women seems to be increasing. There are campervans parked by the roadside. Some have hearts painted on them, one says “girls, girls” in red letters. It’s an easy matter for someone to stop for a quick transaction in one of these Love-Mobiles – sex with one of the “girls” in exchange for the going rate. Prostitution is mainly legal in Germany, as are these mobile brothels. But many of the women in the business – including those working from the Love-Mobiles – are victims of illegal human trafficking. Most of the women are from Eastern Europe or Nige
Read more

FULL TEXT: A sacrifice for our new political order – Ezekwesili

By
Image
“When the ACPN leadership approached me in a series of visits to appeal that I run for office on their platform, the party appeared to be a good fit. It was founded by some disgruntled PDP members some years ago, but when its prime founder decided to return to the PDP, a core of its membership refused to move back with him. I was told that they stayed back because of their opposition to the ways of the PDP. Considering my vocal disapproval of the PDP and the APC, I admired the ACPN’s decision to stand firm and refusal to be co-opted.” It has been an interesting one week since I made the tough but necessary decision to suspend my campaign for the presidency. I have been truly overwhelmed by the reactions to my announcement from Nigerians. Even in airports outside the country as I travelled last week, Nigerians walked up to me with questions, concerns, encouragement, and motivation. I also saw disappointment by some who had poured their hearts and hopes into actualising our mission
Read more

Update On Slay Queen Who Was Stripped Naked And Tortured Over Missing Phone.

By
Image
The League of Patriotic Lawyers has given Edo State Commissioner of Police, Mr. Olusegun Odumosu, 24 hours to unravel those behind the torture and insertion of pepper into a girl’s private part in Benin City over alleged stealing of a mobile phone.  Chairman of the platform and former Student Union President of the University of Benin, Mr. Abubakar Yesufu, who said this in a statement yesterday, also urged the state Director, Department of State Services, DSS, to be involved in the investigation. A video of the incident, seen by Vanguard yesterday, showed the girl being stripped naked by a group of people, who inserted pepper into her private parts for allegedly stealing a phone. The unidentified girl was heard crying and saying she didn’t steal any phone, while she was being humiliated by the crowd. Yesufu said: “The League of Patriotic Lawyers has given the Edo State Commissioner of Police 24 hours to arrest and commence prosecution of all the street urchins behind this ba
Read more