ZURICH (AFP) - Uefa on Thursday (March 7) announced they were start an study into whether or not Manchester City broke Financial Fair measure (FFP) rules, a breach that could lead to a devastating Champions League ban.However, English champions City insisted the accusations adjacent to them are untrue 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 stirring sponsorship deals to circumvent regulations limiting how much maintenance owners can put into a club. "The Investigatory Chamber of the independent Uefa Club Financial govern Body has today opened a formal study into Manchester City FC for potential breaches of Financial Fair measure (FFP) regulations," said a Uefa declaration on Thursday."The study will focus on several alleged violations of FFP that were recently made public in various media outlets."City responded snappishly by proverb they supported the study and that they had nothing to hide. "Manchester City welcomes the start of a formal Uefa study as an opportunity to bring to an end the speculation resulting from the illegal hacking and out of context declaration of City emails," the club said in a statement."The accusation of financial irregularities are enormously false. The club's published accounts are full and conclusive and a situation of genuine and regulatory record." 
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City had earlier responded to Der Spiegel's claims by proverb there had been an "organised and clear" attempt 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 agreement enormously following Uefa following a previous breach of the rules.City coach Pep Guardiola has always insisted that City would take a ban but does not recognize it is likely after discussions following 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, following my CEO, what they have explained to me," he said."If it happens, because Uefa regard as being that, we will take it and shape forward."City are not the on your own European heavyweight to be caught stirring in claims of breaking financial fair measure rules.French champions Paris Saint-Germain quashed reports they could be provoked to sell either Kylian Mbappe or Neymar in a bid to circumvent eventual FFP sanctions.Qatar-owned PSG, who splashed a total total of more than 400 million in 2017 for Brazil star Neymar and France World cup winner Mbappe, blasted allegations as "totally untrue and ridiculous".Former European champions AC Milan were warned in December that they risk subconscious 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 back winning an glamor to the Court of mediation for Sport (CAS) last year.But Uefa said the former seven-time European champions another time approach interruption from continental competition in forward-looking seasons "should the club not be break-even accommodating at 30 June 2021".
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