Manchester City Hit With 2-Year Ban From Champions League

Law360 (February 14, 2020, 7:55 PM EST) -- European soccer's governing body has hit Manchester City, the reigning champion of England's Premier League and one of the world's most valuable soccer clubs, with a $32 million fine and a two-year ban from the pan-European Champions League for allegedly violating financial fair play rules.

The decision was reached Friday by the Union of European Football Associations following a yearslong investigation of Manchester City's finances, according to a statement put out by the organization.

The UEFA claims Manchester City, which is owned by multibillionaire Sheikh Mansour bin Zayed Al Nahyan of the United Arab Emirates, violated so-called financial fair play rules...

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