Not the biggest soccer fan but this seems like a crazy harsh punishment. They must have really fucked up. I assume Pep will be leaving them.
Manchester City have been banned from the Champions League for the next two seasons by Uefa and fined €30m (£25m) after they were found to have seriously misled European football's governing body and broken financial fair play rules.
City were found guilty by Uefa's Club Financial Control Body (CFCB) of having falsely inflated their sponsorship revenues, when they made submissions for the FFP compliance process. The guilty finding follows an investigation sparked by the publication of "leaked" emails and documents by the German magazine Der Spiegel in November 2018.
The "leaked" emails and documents appeared to show that City's owner, Sheikh Mansour bin Zayed Al Nahyan of the Abu Dhabi ruling family, was mostly funding the huge, £67.5m annual sponsorship of the City shirt, stadium and academy by his country's airline, Etihad. One of the leaked emails suggested that only £8m of that sponsorship in 2015-16 was funded directly by Etihad, and the rest was coming from Mansour's own company vehicle for the ownership of City, the Abu Dhabi United Group.
Manchester City have been banned from the Champions League for the next two seasons by Uefa and fined €30m (£25m) after they were found to have seriously misled European football's governing body and broken financial fair play rules.
The severity of the ban from both of Uefa's elite club competitions, and the scale of the fine, reflects how seriously Uefa's FFP compliance bodies consider the club to have breached the rules and code of conduct.
City were found guilty by Uefa's Club Financial Control Body (CFCB) of having falsely inflated their sponsorship revenues, when they made submissions for the FFP compliance process. The guilty finding follows an investigation sparked by the publication of "leaked" emails and documents by the German magazine Der Spiegel in November 2018.
Not the biggest soccer fan but this seems like a crazy harsh punishment. They must have really fucked up. I assume Pep will be leaving them.
Yep. Fuck 'em.Crazy harsh punishment? They broke financial fair play. They sponsor their own training ground, they move money between accounts, they fabricate ticket sales. It's not harsh. Outside of football they are human rights abusers. They shouldn't be involved in football full stop.
I didnt mean harsh in comparison to what they deserve. Just saying the penalty in general is. I'm not really familiar enough with the back office of soccer teams to say what they deserve.Crazy harsh punishment? They broke financial fair play. They sponsor their own training ground, they move money between accounts, they fabricate ticket sales. It's not harsh. Outside of football they are human rights abusers. They shouldn't be involved in football full stop.
I didn't say it didn't impact the game.