Man City have been banned from European competition for the next two seasons following “serious breaches” of Financial Fair Play Regulations.
The reigning Premier League champions have also been fined €30million (£25m) as a result.
However, the ban is subject to appeal to the Court of Arbitration for Sport.
As expected, the news has not gone down well at the Etihad Stadium and the club has claimed that they are “disappointed but not surprised” by the announcement.
Click to play
Tap to play
The video will start in8Cancel
“Manchester City is disappointed but not surprised by today’s announcement by the UEFA Adjudicatory Chamber,” read a statement on the club’s official website.
“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.
“In December 2018, the UEFA Chief Investigator publicly previewed the outcome and sanction he intended to be delivered to Manchester City, before any investigation had even begun.
“The subsequent flawed and consistently leaked UEFA process he oversaw has meant that there was little doubt in the result that he would deliver.
“The Club has formally complained to the UEFA Disciplinary body, a complaint which was validated by a CAS ruling.
Footie5 is a free-to-play game where you can make predictions across the top leagues in England and Scotland.
From the Scottish League Two all the way up to the Premier League, simply select five matches, send your predictions in and you can win up to £25,000 each week.
Keep up-to-date with footie5 on Facebook and Twitter for all the latest build-up to the weekend action.
“Simply put, this is a case initiated by UEFA, prosecuted by UEFA and judged by UEFA.
“With this prejudicial process now over, the Club will pursue an impartial…