According to a report in the New York Times, newly-crowned back-to-back Premier League winners Manchester City could be hit with a ban from the UEFA Champions League.
This is in relation to alleged breaches of Financial Fair Play (FFP) agreements.
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UEFA set up a financial control board to investigate clubs suspected of breaking cost-control regulations, and member of this organisation reportedly met two weeks ago in Switzerland to finalise their conclusions.
"The investigatory panel’s leader, the former prime minister of Belgium Yves Leterme, will have the final say on the submission to a separate adjudicatory chamber, which could be filed as soon as this week. The body is expected to seek at least a one-season ban," the Times said.
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It was unclear if such a ban would be enforced next season or in the 2020-21 campaign, the Times said, noting that with qualifying for Europe's most prestigious and lucrative club championship set to start in June there is little time to finalise a sanction.
Manchester City would also have the right to appeal such a ban to the Court of Arbitration for Sport (CAS).
City strongly deny any financial irregularities, saying in March they welcomed the investigation as an opportunity to clear their name.
City, who were fined $67.3 million and subjected to squad, wage and spending caps in a 2014 settlement agreed with UEFA following a previous breach of the rules.