Manchester City has been banned from UEFA club competitions for the next two seasons — beginning in 2020/21 — and handed a $32.5 million fine by European football’s governing body.
The organization’s Adjudicatory Chamber of the Club Financial Control Body found that the English Premier League team had “committed serious breaches” of its Licensing and Financial Fair Play Regulations.
City said in a statement they are “disappointed,” calling UEFA’s process “flawed” and plan to appeal the decision.
The English Premier League club can still participate in the ongoing Champions League season for 2019/20. Pep Guardiola’s team play Real Madrid in the last 16 round of the Champions League on February 26 and March 17.
UEFA’s statement added that the Adjudicatory Chamber had found that City had overstated its sponsorship revenue in its accounts and in the break-even information submitted to European football’s governing body 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,” said the UEFA statement.
Manchester City play Real Madrid in the Champions League last 16 round on February 26 and March 17.