Manchester City, on Tuesday, expressed concern over the intent of some individuals who are hell-bent on tarnishing the club’s image.
This is based on a report making the rounds that Europe’s soccer’s financial regulators are set to recommend that the club be barred from the UEFA Champions League.
This was disclosed in allegations of a breach in financial fair play rules carried by German magazine Der Spiegel which prompted investigations by UEFA and the Premier League.
According to the New York Times on Monday, the investigatory unit which was set up to analyze the accounts of clubs had a meeting two weeks ago in Switzerland to reach a conclusion.
The Times stated: “The investigatory panel’s leader, the former prime minister of Belgium Yves Leterme, will have the final say on the submission to a separate adjudicatory chamber, which could be filed as soon as this week. The body is expected to seek at least a one-season ban”
However. Man City have revealed that they are fully co-operating with the ongoing investigation by the CFCB IC (club financial control body investigatory chamber).
The statement by the club added: “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 March 7 that it ‘will make no further comment on the matter while the investigation is ongoing”
Meanwhile, it was unclear if such a ban would come into place next season or in the 2020/21 campaign. Man City have the right to make an appeal against such a ban to the Court of Arbitration for Sport.