Manchester City CEO insists FFP allegations are “simply not true”
Manchester City chief executive Ferran Soriano has labelled allegations of FFP wrongdoing as “not true“.
The current Premier League champions were handed a two-year suspension from European club competition by UEFA on Friday after the governing body found the club guilty of Financial Fair Play breaches.
Man City hit with two-year suspension: Five things to know…
- Man City have been handed an expulsion from European club competition by UEFA until 2022.
- The bombshell announcement has sent ripples of uncertainty across the club.
- On Friday night UEFA found Man City to be guilty of Financial Fair Play rule breaches.
- The club announced they will contest the ruling with an appeal at the Court of Arbitration for Sport.
- Man City CEO Soriano has now labelled the allegations as false.
Immediately after the decision was announced, City revealed they would contest UEFA’s ruling with an appeal at the Court of Arbitration for Sport. In City’s first extended response to Friday’s announcement of their continental ban, Soriano has hit out at the allegations, insisting they are “simply not true”.
He told the club’s official website: “Well, the most important thing I have to say today is that the allegations are not true. They are simply not true.
“The fans can be sure of two things. The first one is that the allegations are false. And the second is that we will do everything that can be done to prove so.
“We know the fans are supporting us. We can feel it. MCFC fans have gone through challenges over the decades. This is just another challenge. We will stick together, we will go through it and we will not let the fans down.
“The owner has not put money in this club that has not been properly declared. We are a sustainable football club, we are profitable, we don’t have debt, our accounts have been scrutinised many times, by auditors, by regulators, by investors and this is perfectly clear.
“We are looking for an early resolution obviously through a thorough process and a fair process so my best hope is that this will be finished before the beginning of the summer and until then for us, it is business as usual.”