MANCHESTER, England (Reuters) - English champions Manchester City have been banned from European competition for the next two seasons and fined 30 million euros ($32.53 million) by European soccer's governing body UEFA after an investigation into alleged breaches of Financial Fair Play (FFP) rules.
UEFA announced in a statement https://www.uefa.com/insideuefa/about-uefa/news/newsid=2638659.html that City had committed "serious breaches" of the rules while the Premier League club swiftly said on their website https://www.mancity.com/news/club-news/club-news/2020/february/manchester-city-club-statement that they will appeal the decision to the Lausanne-based Court of Arbitration for Sport (CAS).