UEFA confirmed on Tuesday that an independent investigation into Manchester City has been held for alleged breach of financial fair play which could lead to a move away from the Champions League Premier League 'millionaire' emblem.
According to information provided by the English newspaper 'The Guardian' and the Italian magazine 'Panorama', UEFA President Aleksander Ceferin has confirmed the opening of a concrete independent investigation into Manchester City and has assumed that the decision could be to ' very soon".
The aforementioned publications further point out that the exclusion of Manchester City from the Champions League next season, as well as a heavy fine, are some of the scenarios that are on the table.
UEFA suspects that the English champions will not have complied with the rules of financial fair play and decided to open an investigation into Manchester City after Football Leaks revealed through the German magazine Der Spiegel that citizens – with so-called advertising contracts – had circumvented rules that limit the amount of money club owners can invest.
At a meeting of the UEFA Executive Committee in Dublin, Ireland, President Aleksander Ceferin has confirmed that this investigation to Manchester City "a concrete case", the outcome of which "will be known soon."
According to the English newspaper The Guardian, UEFA officials believe that one of the main rules of the organization may have been breached and sanctioning may be the only possible response if City is found guilty.