LONDON (AFP) - The Premier League has launched an investigation into the reports surrounding Manchester City's alleged financial misconduct.
Uefa, European football's governing body, said on Thursday (March 7) it is looking into "several alleged violations" concerning Financial Fair Play (FFP) at City.
That probe came after German magazine Der Spiegel, using material purportedly obtained from the whistleblowing outlet Football Leaks, alleged in November that City had set up sponsorship deals to circumvent regulations limiting how much money owners can put into a club.
A ban from Uefa competitions, including the Champions League, is a potential punishment if City are found guilty of FFP breaches.
City claim the allegations are "entirely false", but the Premier League have decided to open their own investigation of the English champions' financial matters.
As well as the issues under the Uefa microscope, the Premier League will also focus on City's academy player recruitment and third-party ownership.
"The Premier League has previously contacted Manchester City to request information regarding recent allegations and is in ongoing dialogue with the club," a Premier League statement read.
Â
Â
"The League has detailed financial regulations and strong rules in the areas of Academy player recruitment and third-party ownership.
"We are currently investigating these matters and will allow Manchester City every opportunity to explain the context and detail surrounding them." City were fined €60 million (S$90 million) and subjected to squad, wage and spending caps in a 2014 settlement agreed with Uefa following a previous breach of the rules.
City manager Pep Guardiola, whose side are currently top of the Premier League, insisted on Friday that the financial probes wouldn't tarnish his legacy.
Guardiola has won the Premier League and two League Cups with City and is chasing an unprecedented quadruple this season.
Sergio Aguero recorded a hat-trick to fire Manchester City back into second place with a 3-1 victory against Arsenal at the Etihad. The Blues are now two points adrift of Liverpool, who travel to
Injuries open the way for Lukaku and Sanchez to shine for Manchester United Ole Gunnar Solskjaer wants Alexis Sanchez and Romelu Lukaku to step up to help the club in its injury crisis.
Injuries open way for Sanchez and Lukaku to shine for United
Manchester, United Kingdom: Manchester City boss Pep Guardiola said he was not disappointed by his players' effort despite suffering a surprise 3-2 home defeat to Crystal Palace on Saturday. Ilkay Gundogan opened the scoring for the home side at the Etihad but Palace hit back with goals from
Guardiola Stays Cool Despite Shock Man City Defeat
An early. Mohamed Salah. penalty and a late strike by Divock Origi gave Liverpool a 2-0 win over Tottenham Hotspur in Saturday's all-English Champions League final as their coach Juergen Klopp
Salah and Origi fire Liverpool to sixth Champions League
Qatar not the favourites, says coach Sanchez, Football News
Pregnant Natalie Queiroz tells of moment she was stabbed 24 times in harrowing Sutton Coldfield town centre attack longer route, but it was raining so I took the shortcut. despite protests
City's recent run of three defeats in five games had raised questions over whether the champions had the durability to sustain a title challenge with a Liverpool side who have had an air of
Man City end Liverpool's unbeaten run, cut lead to four
England captain Harry Kane insists the Three Lions' squad are too united to be divided by the tension of club rivalries surrounding the Premier League title race and upcoming Champions League ties.
Football: Kane insists club rivalries will not split England camp
Football: Di Maria and Mbappe among the goals as PSG win big
Sassuolo star Kevin-Prince Boateng is on the verge of joining Barcelona in a shock move, according to Sky Sport Italia.According to Gianluca Di Marzio, Barca have identified Boateng as 'the
Boateng Set For Shock Barcelona Move - Reports - UrduPoint
Chelsea are braced for a partial stadium closure in the Europa League after UEFA officially launched an investigation into alleged racist chanting by supporters during the club's 2-2 draw at MOL
Chelsea face partial closure of Stamford Bridge if UEFA finds
National Under-22 coach Fandi Ahmad yesterday named Vasileios Zikos Chua, 17, and three other youngsters who made their professional debuts in the Singapore Premier League (SPL) this year in his
30 Things To Know Before Living in Norway - Megan Starr
National sports agency Sport Singapore (SportSG) announced on Sunday that they have penned a three-year partnership with Bayern Munich.. As a result of this tie-up, both the parties involved will
Bayern Munich sign partnership with Sport Singapore
Buffon calls on PSG to show 'spirit of sacrifice', Football
0 comments:
Post a Comment