Manchester City Fined 30 Million Euros For Non Compliance Of Fair Play Rules
Manchester City won’t play Champions League for the next two years. The reigning Premier League champion has been barred from the said championship by UEFA. An independent financial control body of UEFA announced the decision regarding ban on Manchester City on Friday.
Reasons for ban on Manchester City
One of the richest soccer clubs, Manchester City was found a culprit of “serious breaches” of European soccer’s financial regulations. It was found the club had been guilty of multiple violations related to club licensing and the financial fair play rules.
It is to be noted that UEFA tried to put a tab over the gap between rich and poor clubs by putting fair play rules. Also, it wants to control the growing debt crisis of soccer clubs.
Penalty for Manchester City
UEFA has penalty for clubs that don’t follow its fair play regulations. And it has found Manchester City 30 million euros ($32.5 million) for failing to meet the regulations and not cooperating with the investigators. And this punishment could have far reaching consequences for the balance sheet of Manchester City.
The worth of Champions League is worth about $100 million for a club but missing the championship could have devastating effects on career decisions of top players and potential signings with big brands.
Ban would take affect from next year
Manchester City is kept free from the ban for this year. It will play with Real Madrid on February 26 in the first-part of the home-and-home series in the round 16 of the championship.