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Manchester City under investigation: Premier League champions say they're co-operating with UEFA investigation into financial fair play breach

Manchester City's Etihad Stadium
Manchester City's Etihad Stadium

Manchester City are "fully co-operating in good faith" with UEFA's ongoing investigation into alleged breaches of Financial Fair Play regulations by the club.

The Premier League champions have, however, expressed concern about reports that investigators will push for a Champions League ban before any official statement has been made by the European governing body.

UEFA opened an investigation into alleged financial irregularities at the club earlier this year.

A statement from City read: "Manchester City FC is fully co-operating in good faith with the CFCB IC's (club financial control body investigatory chamber) ongoing investigation.

"In doing so the club is reliant on both the CFCB IC's independence and commitment to due process; and on UEFA's commitment of March 7 that it '...will make no further comment on the matter while the investigation is ongoing'.

"The New York Times report citing 'people familiar with the case' is therefore extremely concerning.

"The implications are that either Manchester City's good faith in the CFCB IC is misplaced or the CFCB IC process is being misrepresented by individuals intent on damaging the club's reputation and its commercial interests. Or both."

City were fined £49million and hit with restrictions on transfer spending and the size of their Champions League squad after FFP breaches were originally investigated in 2014.

However, UEFA began a new probe after further allegations about the same period initially looked into were made in German publication Der Spiegel last year.

City have denied any wrongdoing.

The statement added: "Manchester City's published accounts are full and complete and a matter of legal and regulatory record. The accusation of financial irregularities are entirely false, and comprehensive proof of this fact has been provided to the CFCB IC."

A statement from UEFA read: "We do not comment on ongoing investigations regarding financial fair play matters."

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Most Read Football

Get all the latest football gossip from the day's back pages
1

Paper Talk: Wolves close on Marega

Three former players to decide Manchester United transfer targets - and a £30m striker heading to Wolves. Plenty more too in a bumper Thursday edition.

Get all the latest football gossip from the day's back pages2

Paper Talk: £105m Man United move

Man United willing to meet Joao Felix's £105m release clause, while Liverpool are eyeing a Bournemouth star, according to the back pages.

Sporting Life's Sky Bet Championship final guide for Aston Villa v Derby3

Aston Villa v Derby match guide

All you need to know for the Sky Bet Championship play-off final between Aston Villa and Derby at Wembley including team news, tips, predictions, stats and more.

Get all the latest football gossip from the day's back pages4

Paper Talk: De Ligt to Manchester?

Manchester City are set to rival Manchester United in the pursuit of Matthijs De Ligt and Harry Maguire, according to the back pages.

The Emirates Stadium5

Arsenal have transfer 'ammunition'

Arsenal have already started their summer recruitment plans and have enough "ammunition" to convince targets to join, according to Raul Sanllehi.

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