UEFA funding allegations are untrue: Man City CEO Ferran Soriano

London: Manchester City’s CEO Ferran Soriano has said that financial fair play allegations against the club were “simply not true”.

UEFA announced last week that the club would be barred from competing in European tournaments for the next two seasons and fined 30 million euros for violations of club licensing and financial fair-play breaches, reports Efe news.

In a statement, Soriano said: “The most important thing I have to say today is that the allegations are not true, they’re simply not true.”

He added: “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 said City had cooperated with the investigation process and offered “irrefutable evidence that the claims are not true”.

If upheld on appeal, the ruling would ban the club from competing in either the Champions League or Europe’s second-tier club competition, the Europa League, until 2022-2023.

Soriano said City wants an “early resolution, obviously through a thorough process and a fair process” and that the issue is resolved by the beginning of the summer. He said the players were “calm and focused” and sent a message to supporters: “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.”

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