- Man City are banned for two seasons from Champions League football
- The club was found to have inflated some sponsorship deals by UEFA
- Manchester City CEO Ferran Soriano however remains adamant the club did nothing wrong
- Soriano vowed they would do everything to clear their name
Manchester City CEO Ferran Soriano has vowed to clear the club’s name following their ban from the Champions League for two consecutive seasons.
UEFA arrived at the damning conclusion on Friday, February 15, after City were deemed guilty of breaching Financial Fair Play rules.
In response, the club said they would take the matter to the Court of Arbitration for Sport in a frantic bid to clear their name.
Days later and Soriano, broke his silence amid anticipation from fans on what he had to say about the whole issue.
“Well the most important thing I have to say today is that the allegations are not true. They are simply not true,” he said as quoted on Man City's website.
City were found guilty of inflating sponsorship deals on their balance sheet. The unscrupulous deals are believed to have been done by the club’s owners.
But Soriano, who remains adamant the allegations are false, insists City are a ‘sustainable club” and do not have any debt nor do they need to engage in shady moves.
“The owner has not put money in this club that has not been properly declared. We are a sustainable football club, we are profitable, we don’t have debt,” he went on.
This is the second time City have been found guilty of breaching financial play, with the first incident recorded in the summer of 2014.
Soriano goes on to assure fans the club would do everything to clear its name from the damning allegations.
“The fans can be sure of two things. The first one is that the allegations are false. And the second is that we will do everything that can be done to prove so,” Soriano said.
Following the ban, rumors have been rife that Manchester City may be heading into a torrid spell.
For one thing, the club is at risk of losing several key players for free due to lack of Champions League football.
Manager Pep Guardiola reportedly told friends he intended to stay at the club, whether the ban stands or not.
Earlier, Legit.ng reported that Chelsea legend John Terry believes his former club are still good enough for a top four place despite a string of poor results in recent weeks.
Monday night's 2-0 shock defeat to Man United at Stamford Bridge left the Blues just a point above fifth-placed Tottenham and three above United.
Goals from Anthony Martial and Harry Maguire in either half of the clash were enough to seal an important win for the Red Devils.
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