Manchester City’s “severe breaches” of Uefa’s club licensing and monetary fair play guidelines are “merely not real”, says chief executive Ferran Soriano.
On Friday, Premier League champions City were handed a two-year Champions League restriction and fined 30 m euros (₤25 m).
The choice goes through attract the Court of Arbitration for Sport.
” The fans can be sure of two things. The very first one is that the accusations are false,” stated Soriano.
” And the 2nd is that we will do everything that can be done to show so.”
The independent Adjudicatory Chamber of the Club Financial Control Body (CFCB) said it had actually found City had actually broken the guidelines by “overemphasizing its sponsorship revenue in its accounts and in the break-even details submitted to Uefa in between 2012 and 2016”, adding that the club “stopped working to cooperate in the investigation”.
At the time, City stated they were “dissatisfied but not stunned” by the “prejudicial” choice and would appeal.
In reaction to the allegations of overstating its sponsorship profits, Soriano – speaking in a video released by the club – said: “The owner has not put cash in this club that has actually not been effectively stated.
” We are a sustainable football club, we pay, we don’t have debt, our accounts have been scrutinised many times, by auditors, by regulators, by investors and this is completely clear.”
He added that the club felt they were “thought about guilty” on “every step of the method”.
” We did comply with this procedure. We provided a long list of documents and support that our company believe is undeniable proof that the claims are not real,” stated the Spaniard.
” It was hard due to the fact that we did this in the context of info being leaked to the media in the context of feeling that every step of the method, every engagement we had, we felt that we were thought about guilty before anything was even talked about.
” At the end, this is an internal process that has actually been started and after that prosecuted and after that evaluated by this FFP [financial fair play] chamber at Uefa.”
Uefa have decreased to react to Soriano’s statement.
Man City expecting ‘early resolution’
Uefa introduced an investigation after German paper Der Spiegel published leaked files in November 2018 declaring City had actually pumped up the worth of a sponsorship offer, deceptive European football’s governing body.
Reports declared City – who have actually constantly rejected wrongdoing – deliberately misled Uefa so they could satisfy monetary fair play guidelines needing clubs to recover cost.
City, whose chairman is Khaldoon Al Mubarak, were fined ₤49 m in 2014 for a previous breach of guidelines.
” We provided the evidence however in the end this FFP Investigatory Chamber relied more on out-of-context stolen emails than all the other evidence we provided of what really occurred and I think it is typical that we seem like we feel,” stated Soriano.
” Ultimately based on our experience and our understanding, this seems to be less about justice and more about politics.”
Soriano included the club was wishing for an “early resolution” through a “extensive process and a reasonable procedure”.
He added: “My best hope is that this will be finished prior to the beginning of the summer season and until then for us, it is company as usual.”
Guardiola and players ‘concentrated on football’
City manager Pep Guardiola has told good friends he plans to stay at the club despite the European restriction, with his agreement set to expire in 2021.
His contract does have a break provision at the end of this season and it was expected he would activate it must City fail to win their appeal, which they will be sending to the Court for Arbitration in Sport in the next couple of days.
However, it is understood the 49- year-old has said he will not be doing that and stays dedicated to the club.
” Undoubtedly, he has been kept informed about this process but this is not something for him to respond to,” stated Soriano.
” He is focused on the football, he is concentrating on the video game, the game at hand, the video game today, tomorrow and the next weeks. As the gamers.
” They are calm, they are focused and this matter is more a company matter, a legal matter than a football matter.”