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– City have been accused of misleading the European football governing body
– They could also miss out on their share of the lucrative TV money worth €292m among other bonuses
– The club earned €46.9 million this season for making the quarter finals
Manchester City could potentially suffer huge financial losses if they are banned from the Champions League during the 2019-20 campaign.
UEFA suspects City of allegedly inflating the value of a multi-million pound sponsorship deal and alleged breaches of the Financial Fair Play (FFP) rules, which could attract a one year ban.
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According to Give Me Sport, if a team wins all six group games and goes on to win the competition and the UEFA Super Cup, they take home €86.95m.
Source: Getty Images
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According to Give Me Sport, if a team wins all six group games and goes on to win the competition and the UEFA Super Cup, they take home €86.95 million (KSh 9.8 billion)
In this season’s campaign, City earned €15.2 million for making it to the group stage alone.
Their run to the quarter-final including four wins and one draw in the group stage, earned them an additional €31.7 million, bringing their total earning for the 2018/19 campaign to €46.9 million.
And supposing City do go all the way to win the 2019/20 Champions League final; they could earn an extra €12 million for making the semi-final and €15 million for getting to the final.
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On top of that, clubs receive performance bonuses of €2.7 million for every win and €900,000 per draw in the group stages.
An additional €4 million would then be paid out to the winners of the tournament with the UEFA Super Cup offering an extra €3.5 million and a €1 million bonus for the winners.
If found guilty, City could also miss out on their share of the lucrative €292 million that comes from the TV market pool.
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However, if found guilty, City could still challenge the decision at the Court of Arbitration for Sport (CAS) in Switzerland.
The ban is highly unlikely to be implemented next season as City will probably appeal if found in breach of FFP, pushing the ban to the following season.
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The Premier League champions insist they are not guilty of any financial wrongdoing and are upbeat of a positive outcome.
“Manchester City is entirely confident of a positive outcome when the matter is considered by an independent judicial body,” a statement on the club’s official website read in part.
“The accusation of financial irregularities remains entirely false and the CFCB IC referral ignores a comprehensive body of irrefutable evidence provided by Manchester City FC to the Chamber,” it said.
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Source: Tuko.co.ke
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