- Manchester City will suffer heavy financial losses worth over €86.95m if they are banned by UEFA
- City have been repeatedly accused of misleading the European football governing body with cost of most sponsorship deals from the United Arab Emirates
- Pep Guardiola's men will also miss out about €86.95m and a share of the lucrative €292m TV money among others performance related bonuses
Manchester City will suffer huge financial losses if they are banned from the Champions League during the 2019-20 campaign.
According to sportbible.com citing New York Times, the Premier League champions are currently under investigation by UEFA over alleged breaches of the Financial Fair Play rules, which will attract a one year ban from the continent’s premier club tournament.
Interestingly, UEFA are primarily probing City for allegedly misinforming the continents’ football arbiters, with cost of most sponsorship deals from the United Arab Emirates largely unknown.
If UEFA opt for a ban as punishment, City could challenge the decision at the Court of Arbitration for Sport (CAS) in Switzerland, but if the findings of probe suggest outright suspension from the Champions League for a season, the Etihad dwellers will lose massive sum of prize money alongside performance related bonuses.
Firstly, City's target of winning the Champions League along with the UEFA Super Cup game that follows, would see them lose the sum of €86.95m as prize money.
Furthermore, additional report from Give Me Sport revealed City will also miss out the €15.25 million handed to clubs who featured in the group stages, while a sum of €2.7m splashed out for every win or €900,000 for draw.
Equally, for reaching the final, the final clubs pocket €47m (which included payment for last 16, quarter final and semi-final), while the Champions League winner will also get €4 million, a further €3.5m for playing in the UEFA Super Cup in August and another €1m for lifting the trophy.
City will also miss out the lucrative €292m that comes from TV money.
At the last count, City pocketed about €46.95m for the eighth straight seasons they participated in the Champions League, before they were sent packing in quarter finals by Tottenham on away goals.
No doubt City getting banned by UEFA would be a huge blow for the club.
But the EPL champs insist they are not guilty of any financial wrongdoing and are upbeat of a positive outcome.
"Manchester City is entirely confident of a positive outcome when the matter is considered by an independent judicial body," a statement on the club's official website read in part.
"The accusation of financial irregularities remains entirely false and the CFCB IC referral ignores a comprehensive body of irrefutable evidence provided by Manchester City FC to the Chamber.
"The decision contains mistakes, misinterpretations and confusions fundamentally borne out of a basic lack of due process and there remain significant unresolved matters raised by Manchester City FC as part of what the Club has found to be a wholly unsatisfactory, curtailed, and hostile process."
Earlier, Legit.ng reported that Man City are now on the verge of getting a one year ban from UEFA for allegedly misleading the European football governing body.
The Citizens recently won the 2018/19 Premier League title and they will be preparing to represent England next season in the Champions League.
But their dream of conquering Europe next year could be destroyed with the latest revelation coming in about the Etihad based club.
Football fans around the world are currently wondering why Manchester City will be banned and what will be their fate going by the latest reports.
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