UEFA is monitoring developments and will wait until the end of the Premier League's disciplinary process before deciding whether to take any potential action against Manchester City.\n\nCity have been found guilty by an independent commission of breaking the Premier League's financial rules between 2009 and 2018, including five charges of failing to comply with UEFA's Financial Fair Play rules. The independent commission found that City's owners put in £830m of their own money and disguised it as sponsorship income for nine seasons. City are appealing against the decision and maintain they have a comprehensive body of irrefutable evidence which will clear their name.\n\nIn 2020, City were found guilty of breaking UEFA's Financial Fair Play rules, fined €30m and banned from playing in European competitions for two years.
City appealed to the Court of Arbitration for Sports and the ban was overturned, with CAS ruling that UEFA had not established that City's owners had disguised equity funding as sponsorship contributions. CAS reduced City's fine to €10m for failing to co-operate with the UEFA investigation.\n\nUEFA has a statute of limitations of five years for financial rule breaches, whereas the Premier League does not have a statute of limitations. UEFA's case was triggered by hacked City emails which were published by German magazine Der Spiegel in 2018.
The Premier League investigation had access to documents and evidence which were not available to UEFA when it was building its case against City. City and UEFA have been contacted for comment.
Source: Sky Sports Champions League · Summarized by HeadlinesBriefing