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.
Man City inflict more pain on Man Utd to go back top Manchester City's German midfielder Leroy Sane (third right) celebrates scoring his team's second goal during the English Premier League football match against Manchester United at Old Trafford in Manchester, north west England, on April 24, 2019.
City inflict more pain on Man Utd to go back top
SINGAPORE - After a seven-month wait, the Lions will play at the National Stadium again, and also welcome a new ringmaster. The Straits Times understands that the Football Association of Singapore (FAS) will unveil Tatsuma Yoshida as the new national coach this week, after announcing on Monday (May 27) two international friendlies against Solomon Islands on June 8 and Myanmar on June 11.
Asian NT Friendly matches 2019 | BigSoccer Forum
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Jaguars ban four fans who threw objects in Seahawks game. The Jacksonville Jaguars announced officials have banned four fans responsible for throwing objects during Sunday's game at EverBank
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VALLETTA • Spain coach Luis Enrique put up a vigorous defence of Alvaro Morata after the striker was closely criticised over the weekend for one more wasteful show of their opening Euro 2020 qualifying win over Norway, insisting he had "his best match with us".
Football - Morata double gives Spain win over defensive Malta
BERLIN (REUTERS) - Premier League's Watford were made to sweat to beat lowly Championship club Queens Park Rangers 1-0 on Friday (Feb 15) and book their spot in the FA Cup quarter-finals for the
Watford squeeze past QPR into FA Cup last eight - Reuters
British crash investigators have launched an underwater operation to recover a body from the wreckage of the plane carrying Argentine UK rescuers launch bid to recover body from Sala's plane.
UK rescuers launch bid to recover body from Sala's plane
After waiting so long for Game of Thrones to return, it doesn't seem possible that the series could already be almost over. How many episodes are left in the season to wrap everything up? Is
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Check out these climbers! Although parents still love the names Santiago, Sebastian, Sophia, and Isabella, which held onto their lead this year, we have some very interesting changes to report for this year's top 100 - for example, the huge leap in popularity made by some names.
Messi's call came a day after police on the Channel Island of Guernsey said that the search for Emiliano Sala was being suspended after authorities were unable to find any trace of the two..
Lionel Messi joins calls for search to continue for missing
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