The UEFA announced on Friday that Manchester City has been banned from European competitions for the next two seasons for “serious financial fair-play breaches”.
The reigning Premier League champions were also fined 30 million euros ($32.5 million), immediately announced they were appealing the suspension to the Court of Arbitration for Sport (CAS) “at the earliest opportunity”.
The ban means City will miss the 2020/21 and 2021/22 editions of competition that they are desperate to win.
The news will be a severe blow to the Premier League champions, but Pep Guardiola’s side has released a statement in which they said they will appeal the decision to the Court of Arbitration for Sport “as quickly as possible.”
“Manchester City is disappointed but not surprised by today’s announcement by the UEFA Adjudicatory Chamber,” the club said.
“The… flawed and consistently leaked UEFA process he (the UEFA chief investigator) oversaw has meant that there was little doubt in the result that he would deliver…
“Simply put, this is a case initiated by UEFA, prosecuted by UEFA and judged by UEFA.
“With this prejudicial process now over, the club will pursue an impartial judgment as quickly as possible” at CAS.
Manchester City face Real Madrid in this season’s Champions League last 16.
Full details of Man City being banned from Champions League for TWO SEASONS for “serious breaches” of UEFA financial rules pic.twitter.com/sYVG5orSRt
— Rob Harris (@RobHarris) February 14, 2020
So, what does this mean for Pep Guardiola?
The coach was brought in by Manchester City to deliver the Champion League trophy and with this ban place upon them, his task will be heavily affected.
He might leave the club sooner than expected.