Manchester City has formally responded to the FFP investigation leak claims and denied the allegations as “entirely false”.
Responding to the New York Times Report on Sunday that the Premier League club faced champions league ban, Manchester City has issued a formal statement. “Manchester City FC is fully cooperating in good faith with the CFCB IC’s ongoing investigation. 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 the 7th of March that it “….will make no further comment on the matter while the investigation is ongoing,” the statement read.
“The New York Times report citing ‘people familiar with the case’ is therefore extremely concerning. The implications are that either Manchester City’s good faith in the CFCB IC is misplaced or the CFCB IC process is being misrepresented by individuals intent on damaging the Club’s reputation and its commercial interests. Or both.
“Manchester City’s published accounts are full and complete and a matter of legal and regulatory record. The accusation of financial irregularities are entirely false, and comprehensive proof of this fact has been provided to the CFCB IC.”
The New York Times had reported on Monday that UEFA’s Club Financial Control Body Investigatory Chamber (CFCB IC) had met in Nyon two weeks ago to discuss the Machester City’s case and is expected to recommend the ban for breaching UEFA’s financial fair play rules.
UEFA had opened a formal investigation into Machester City in March after a report in German magazine Der Spiegel, based on documents obtained by the Football Leaks website, claimed that City Football Group-owned club had been disguising huge investment from its owner, Sheikh Mansour bin Zayed al-Nahyan, as sponsorship deals through various UAE-based companies.