Uefa on Thursday approved new licensing and "sustainability" regulations to replace its existing Financial Fair Play (FFP) rules, allowing European clubs to make bigger losses than before while bringing in caps on spending on wages and transfers.
The Court of Arbitration for Sport (CAS) has confirmed it will announce a decision on Manchester City and their appeal against a Champions League ban on 13 July.
Manchester City’s appeal against the club’s two-year ban from European football will be heard by the Court of Arbitration for Sport on 8-10 June.
Uefa president Aleksander Ceferin has admitted financial fair play (FFP) rules may need to be adapted in the future, but says he has respect for the process which led to Manchester City’s two-year European ban.
Manchester City sought damages from Uefa over what they alleged were leaks of confidential information to the media concerning their Financial Fair Play case, court documents show.
Manchester City have asked the court of arbitration for sport to throw out the financial fair play case that has been brought against them by European football’s governing body, Uefa.
Manchester City chairman Khaldoon Al Mubarak is confident Uefa’s investigation will find the club have not broken any financial rules.
Pep Guardiola said he would accept any punishment Uefa may hand down to Manchester City for alleged breaches of financial fair play regulations, but reiterated his trust in the club’s hierarchy.
Manchester City have been referred to Uefa’s adjudicatory chamber, who render decisions independently on the basis of the findings of investigations about potential breaches of financial fair play regulations, Europe’s governing body has announced.
Manchester City could be banned from the Champions League if they are found guilty of breaking financial fair play rules, according to the New York Times.