Manchester City's aspirations of translating their domestic success onto the European stage could be halted for the time being, with a UEFA panel seeking a minimum one-year ban from the Champions League.
According to the New York Times, the former prime minister of Belgium Yves Leterme will have the final say on the submission which is expected to be a one-season ban from Europe's premier competition at the very least.More news: Antoine Griezmann announces shock departure from Atlético Madrid
The statement added: "Manchester City's published accounts are full and complete and a matter of legal and regulatory record. The accusation of financial irregularities are entirely false, and comprehensive proof of this fact has been provided to the CFCB IC".
Manchester City, which is backed by Sheikh Mansour and the royal family of Abu Dhabi, captured its second consecutive Premier League title this season and outlasted Liverpool to secure the trophy on the campaign's final matchday. AS reported recently that Rodrigo's intention was to stay with Diego Simeone and be part of a fresh project at the Wanda Metropolitano, however, the Mail believes City will attempt to persuade the player to make the switch.
City were fined £49million and hit with restrictions on transfer spending and the size of their Champions League squad after FFP breaches were originally investigated in 2014.More news: Terry Pheto heading to Cannes Film Festival
Manchester City have been at the center of a months-long investigation into their financial affairs since since they were named in a damaging series of leaks some months ago.
"This can lead to the heaviest punishment - exclusion from UEFA competitions".
The person also said the Premier League champions have not been cooperating with the investigation when they have been asked about information in leaked documents.More news: Tati Wesbrook Breaks Silence As James Charles Loses 3M Subscribers