Manchester City have been banned from participating in the Champions League for the next two seasons by UEFA.
City were found guilty by the Independent Adjudicatory chamber of the Club Financial Control Body (CFCB) to have misled UEFA in their FFP submissions by inflating their sponsorship revenues, and will serve the ban during the 2020/21 and 2021/22 seasons.
The club have also been handed a substantial fine of £30 million.
However, the decision can be appealed by Man City, who have released a statement of their intentions to take the case to the Court of Arbitration for Sport.
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“Manchester City is disappointed but not surprised by today’s announcement by the UEFA Adjudicatory Chamber. The Club has always anticipated the ultimate need to seek out an independent body and process to impartially consider the comprehensive body of irrefutable evidence in support of its position,” read a statement on their official website.
“…With this prejudicial process now over, the Club will pursue an impartial judgment as quickly as possible and will therefore, in the first instance, commence proceedings with the Court of Arbitration for Sport at the earliest opportunity.”
Should the decision stand, UEFA’s admission criteria means that finishing in fifth place in the Premier League this season would mean qualification for the Champions League.
Upon the news fans of Arsenal, Chelsea and Tottenham have taken to social media to give their reaction.
Chelsea, Tottenham and Arsenal are all in the race for a place in the top five position in the Premier League at the end of the season.
The Blues sit in fourth place, two points ahead of fifth placed Sheffield United, while Tottenham are in sixth.
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