UEFA investigating into Manchester City over FFP

UEFA have announced they are investigating Manchester City over Financial Fair Play concerns.

European football’s governing body has issued a statement after a string of allegations by the Football Leaks website via the German newspaper Der Spiegel.

City have been hit with a series of allegations over its finances, including that it struck a backroom deal with UEFA having broken strict FFP regulations.

The UEFA statement read: “If new information comes to light that may be material to this assessment, UEFA will use that to challenge the figures and will seek explanation, clarification or rebuttal from the club concerned.

“UEFA conducts an annual assessment of all clubs against the break-even requirements of FFP on a rolling three year basis.

“This includes a thorough assessment of clubs’ financial positions on the basis of both the information disclosed by the clubs (based on their independently audited financial statements) as well as a number of compliance checks and analysis undertaken by UEFA (including independent external audits).

“Should new information suggest that previously-concluded cases have been abused, those cases may be capable of being re-opened as determined on a case by case basis.

“This approach is applied universally to all clubs that apply for a UEFA licence and participate in European club competitions.”