An investigation by UEFA’s Club Financial Control Body (CFCB) has already led to City being banned from European competition for the next two seasons, after the club allegedly overstated its sponsorship revenue.
City are set to take the case to the Court of Arbitration for Sport after releasing a statement saying they were “disappointed but not surprised” by the ruling.
According to the Mail on Sunday, UEFA’s ruling – if it is upheld – means City could be forced to restructure their finances which could lead to the sales of stars such as Kevin de Bruyne and Aymeric Laporte.
However, City are still waiting for word from the Premier League, with the league set to conduct their own investigation into financial wrongdoing on City’s part.
Should that investigation release similar findings to UEFA’s probe, Premier League rules allows a commission to deduct points retrospectively.
UEFA’s CFCB ruled that City’s wrongdoing was committed between 2012 and 2016 and should the Premier League’s investigation follow suit, City’s 2014 triumph will be affected if points are to be taken away.
Then-City manager Manuel Pellegrini led City to the title that year but Liverpool were firm favourites throughout much of the campaign, eventually losing out by two points.
Liverpool boss Jurgen Klopp has had his say on City’s European ban, admitting that he was shocked to find out UEFA’s ruling.
The German said: “It was a shock when I heard it. I have no idea how these things work – what I can say is Manchester City under Pep Guardiola play sensational football. I’ve always admired what they do.”