(ESPN FC) Manchester City to appeal 2-year UEFA competition ban for FFP (financial fair play) violations

Manchester City will appeal UEFA’s decision to ban the club for two seasons from European competition — including the Champions League — after the governing body found them guilty of breaching financial fair play rules.

UEFA announced on Friday that the reigning Premier League champions will be excluded from the Champions League for the 2020-21 and 2021-22 campaigns and have also been fined €30 million ($33 million) for “overstating its sponsorship revenue in its accounts” and failing “to cooperate in the investigation,” according to findings by the UEFA Adjudicatory Chamber.

In response, City said they were “disappointed but not surprised” by the ruling and gave notice of their intention to lodge an appeal at the Court of Arbitration for Sport.

Sources have told ESPN that City believe UEFA’s process has been flawed and that they remain confident they will be cleared of any wrongdoing once their appeal is heard by an independent body. Sources have told ESPN that, until then, the club will go about their business “as usual.”

Read it all.

Posted in Consumer/consumer spending, Corporations/Corporate Life, Economy, England / UK, Ethics / Moral Theology, Globalization, Law & Legal Issues, Men, Sports