LONDON (AFP) - The Premier League has launched an investigation into the reports surrounding Manchester City's alleged financial misconduct.
Uefa, European football's governing body, said on Thursday (March 7) it is looking into "several alleged violations" concerning Financial Fair Play (FFP) at City.
That probe came after German magazine Der Spiegel, using material purportedly obtained from the whistleblowing outlet Football Leaks, alleged in November that City had set up sponsorship deals to circumvent regulations limiting how much money owners can put into a club.
A ban from Uefa competitions, including the Champions League, is a potential punishment if City are found guilty of FFP breaches.
City claim the allegations are "entirely false", but the Premier League have decided to open their own investigation of the English champions' financial matters.
As well as the issues under the Uefa microscope, the Premier League will also focus on City's academy player recruitment and third-party ownership.
"The Premier League has previously contacted Manchester City to request information regarding recent allegations and is in ongoing dialogue with the club," a Premier League statement read.
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"The League has detailed financial regulations and strong rules in the areas of Academy player recruitment and third-party ownership.
"We are currently investigating these matters and will allow Manchester City every opportunity to explain the context and detail surrounding them." City were fined €60 million (S$90 million) and subjected to squad, wage and spending caps in a 2014 settlement agreed with Uefa following a previous breach of the rules.
City manager Pep Guardiola, whose side are currently top of the Premier League, insisted on Friday that the financial probes wouldn't tarnish his legacy.
Guardiola has won the Premier League and two League Cups with City and is chasing an unprecedented quadruple this season.
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London (AFP) - Chelsea manager Maurizio Sarri gave the strongest hint yet that he wishes to return to Italy and probably take the Juventus job by saying he misses his friends and elderly parents. The 60-year-old former Napoli coach has been strongly linked with the Juventus job left vacant after
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Lure of Italy strong, says Chelsea's homesick Sarri
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Cristiano Ronaldo can stay at the top for several years, says Portugal coach Spread the love Cristiano Ronaldo can continue playing at the highest level for both club and country for at least three to four years, says Portugal coach Fernando Santos.
Portugal coach says Ronaldo can stay at the top for several years
Japan to accept 50,000 workers from PH under new hiring rules 'Japan faces an aging society and lacks labor force, while the Philippines is abundant with young labor force with great potential
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Gareth Bale has been named as a substitute for Real Madrid's Champions League last-16 second leg against Ajax on Tuesday. The Welshman's future at the Santiago Bernabeu has been the subject of intense scrutiny in recent weeks, reaching a crescendo in Saturday's 1-0 defeat to Barcelona.
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Are you looking for a good pair of pickleball shoes?. One of the great things about this sports is that you really don't need much equipment to get started - with just a pickleball paddle, a few pickleballs you can be on the court playing in no time, especially with courts popping up all over the place.
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Bundesliga leaders Bayern Munich beat Werder Bremen 3-2 with two goals from Robert Lewandowski on Wednesday to advance to the German Cup final for the second straight year and keep the domestic league and cup double firmly in their sights.
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