The current English Premier League champions exaggerated sponsorship revenue in accounts sent between 2012 and 2016, according to UEFA.
“The Award Chamber, after considering all the evidence, discovered that the Manchester City Football Club committed serious breaches of the Club Licensing Regulations and the UEFA Financial Game by exaggerating its sponsorship income in its accounts and information of balance presented to UEFA between 2012 and 2016, “reads a UEFA statement.
City said in response that they are “disappointed but not surprised” by UEFA’s announcement and will appeal against the punishment to the Court of Arbitration for Sport.
The City was attracted to face Real Madrid in the last 16 of the Champions League this season, with the first leg of that draw to be played on February 26 at the Bernabéu.
In the absence of a successful appeal, the Pep Guardiola team could not compete in the competition until the 2022/23 campaign.