ZURICH (AFP) - Uefa on Thursday (March 7) announced they were foundation an examination into whether or not Manchester City broke Financial Fair feign (FFP) rules, a breach that could guide to a devastating Champions League ban.However, English champions City insisted the accusations next to them are false and that they welcomed the opportunity to determined their name.German magazine Der Spiegel, using material purportedly obtained from the whistleblowing outlet Football Leaks, alleged in November that City had set in the works promotion deals to circumvent regulations limiting how much keep owners can put into a club. "The Investigatory Chamber of the independent Uefa Club Financial manage Body has today opened a formal examination into Manchester City FC for potential breaches of Financial Fair feign (FFP) regulations," said a Uefa confirmation on Thursday."The examination will focus on several alleged violations of FFP that were recently made public in various media outlets."City responded shortly by wise saying they supported the examination and that they had nothing to hide. "Manchester City welcomes the foundation of a formal Uefa examination as an opportunity to bring to an end the speculation resulting from the illegal hacking and out of context publication of City emails," the club said in a statement."The accusation of financial irregularities are unquestionably false. The club's published accounts are full and firm and a business of real and regulatory record." 
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City had earlier responded to Der Spiegel's claims by wise saying there had been an "organised and clear" try to broken the club's reputation.A ban from Uefa competitions, including the Champions League, is a potential punishment if City are found guilty of FFP breaches.City were fined 60 million (S$90 million) and subjected to squad, wage and spending caps in a 2014 concurrence unquestionably afterward Uefa afterward a previous breach of the rules.City coach Pep Guardiola has always insisted that City would accept a ban but does not undertake it is likely after discussions afterward the club's UAE owners.QUESTIONS FOR PSG, MILAN
"We will not be banned, no. That's what I think because I trust in my chairman, afterward my CEO, what they have explained to me," he said."If it happens, because Uefa consider that, we will accept it and change forward."City are not the only European heavyweight to be caught in the works in claims of breaking financial fair feign rules.French champions Paris Saint-Germain quashed reports they could be goaded to sell either Kylian Mbappe or Neymar in a bid to circumvent eventual FFP sanctions.Qatar-owned PSG, who splashed a total sum of more than 400 million in 2017 for Brazil star Neymar and France World mug winner Mbappe, blasted allegations as "totally false and ridiculous".Former European champions AC Milan were warned in December that they risk creature excluded from European competition if they fail to "break even".Milan had already been banned for a year from the Europa League due to breaching FFP regulations since winning an glamor to the Court of intercession for Sport (CAS) last year.But Uefa said the former seven-time European champions again slant interruption from continental competition in future seasons "should the club not be break-even accommodating at 30 June 2021".
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