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This really could be the end of the lavishly-funded Manchester City project

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There is already speculation around the future of Pep Guardiola after Man City were handed a two-year Champions League ban.

While their English rivals have been reluctant to discuss Etihad Stadium finances, Tebas has accused the Manchester club and Qatar-owned Paris Saint-Germain of violating rules over FFP and in relation to loan deals set up with Italian parent club Girona, which is partly owned by the City Football Group that has Manchester City as their flagship brand.

REUTERS/Phil Noble/File Photo After several years of shadow-boxing, UEFA have finally delivered a knock-out blow to Manchester City.



UEFA made it clear then that they expected more clarity in their financial arrangements moving forward, yet revelations in the German media publication Spiegel over further financial breaches saw UEFA launch an investigation.

"For years we have asked for severe action against Manchester City and Paris Saint Germain, we finally have a good example of action and we hope to see more this way.

Cynics have long suggested that City navigate FFP rules with sponsorship deals that lack credibility, and with the club lacking the vast worldwide fanbase and commercial revenue to compete with their more established rivals, their lavish spending in the transfer market and on player wages has long been raised as point of concern by UEFA chiefs and their rivals with Javier Tebas, the president of Spain's top division La Liga, among the more outspoken critics of the tactics used to generate sponsorship funds at City.

This is not the first time City have fallen foul of FFP rules as back in 2014, they struck a deal with UEFA that saw them accept a fine, agree to limit their net transfer spend and a 21-man limit on Champions League squad size, instead of the usual 25, in a bid to avoid a European ban.
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