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Manchester City chief executive says FFP breaches ‘simply not true’

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Manchester City’s “serious breaches”
of Uefa’s club licensing and financial fair play regulations are “simply
not true”, says chief executive Ferran Soriano.

On Friday, Premier
League champions City were handed a two-year
Champions League ban
 and fined 30m euros (£25m).

The decision is
subject to appeal to the Court of Arbitration for Sport.

“The fans can
be sure of two things. The first one is that the allegations are false,”
said Soriano.

“And the
second is that we will do everything that can be done to prove so.”

The independent
Adjudicatory Chamber of the Club Financial Control Body (CFCB) said it had
found City had broken the rules by “overstating its sponsorship revenue in
its accounts and in the break-even information submitted to Uefa between 2012
and 2016”, adding that the club “failed to cooperate in the
investigation”.

At the time, City
said they were “disappointed but not surprised” by the
“prejudicial” decision and would appeal.

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In response to the
allegations of overstating its sponsorship revenues, Soriano – speaking in a
video released by the club – said: “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, our accounts
have been scrutinised many times, by auditors, by regulators, by investors and
this is perfectly clear.”

He added that the
club felt they were “considered guilty” on “every step of the
way”.

“We did
cooperate with this process. We delivered a long list of documents and support
that we believe is irrefutable evidence that the claims are not true,”
said the Spaniard.

“It was hard
because we did this in the context of information being leaked to the media in
the context of feeling that every step of the way, every engagement we had, we
felt that we were considered guilty before anything was even discussed.

“At the end,
this is an internal process that has been initiated and then prosecuted and
then judged by this FFP [financial fair play] chamber at Uefa.”

Uefa have declined
to respond to Soriano’s statement. (BBC
Sport)

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