Over the weekend, the "Manchester City" club, triumphant in the English Premier League, could face very strict penalties. "The New York Times" reports that UEFA has started an investigation into financial violations by this club.
It is likely that if "Manchester City" is found guilty, the club could be disqualified from the UEFA Champions League tournament. However, the disqualification would take effect from 2020.
It is reported that "Manchester City" deliberately misled financial regulators by providing false information. So far, club officials deny their guilt.
"Manchester City" club is financed by the Sheikh of the United Arab Emirates. Since 2008, he has spent over 1 billion US dollars on players, and UEFA suspects that some player transfers were made in violation of financial and competition principles.
This season, "Manchester City" won the English championship and could still win the country's cup. Meanwhile, the club withdrew from the Champions League in the quarterfinals.
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