<p class="title">European football's financial regulators are poised to recommend that newly minted Premier League champions Manchester City be barred from the Champions League, the New York Times reported.</p>.<p class="bodytext">European football's governing body UEFA and the Premier League launched an investigation this year after allegations made in German magazine Der Spiegel that the club broke Financial Fair Play rules.</p>.<p class="bodytext">Members of the investigatory chamber of UEFA's financial control board, set up to analyze the accounts of clubs suspected of breaking cost-control regulations, met two weeks ago in Switzerland to finalize their conclusions, the newspaper said.</p>.<p class="bodytext">"The investigatory panel's leader, the former prime minister of Belgium Yves Leterme, will have the final say on the submission to a separate adjudicatory chamber, which could be filed as soon as this week. The body is expected to seek at least a one-season ban," the Times said.</p>.<p class="bodytext">It was unclear if such a ban, if levied, would be enforced next season or in the 2020-21 campaign, the Times said, noting that with qualifying for Europe's most prestigious and lucrative club championship set to start in June there is little time to finalize a sanction.</p>.<p class="bodytext">Manchester City would also have the right to appeal such a ban to the Court of Arbitration for Sport.</p>.<p class="bodytext">Manchester City vigorously denied any financial irregularities, saying in March they welcomed UEFA's investigation as an opportunity to clear their name.</p>.<p class="bodytext">City, who were fined 60 million euros ($67.3 million) and subjected to squad, wage and spending caps in a 2014 settlement agreed with UEFA following a previous breach of the rules.</p>.<p class="bodytext">But the club says the claims made in Der Spiegel were an "organized and clear" attempt to damage its reputation.</p>
<p class="title">European football's financial regulators are poised to recommend that newly minted Premier League champions Manchester City be barred from the Champions League, the New York Times reported.</p>.<p class="bodytext">European football's governing body UEFA and the Premier League launched an investigation this year after allegations made in German magazine Der Spiegel that the club broke Financial Fair Play rules.</p>.<p class="bodytext">Members of the investigatory chamber of UEFA's financial control board, set up to analyze the accounts of clubs suspected of breaking cost-control regulations, met two weeks ago in Switzerland to finalize their conclusions, the newspaper said.</p>.<p class="bodytext">"The investigatory panel's leader, the former prime minister of Belgium Yves Leterme, will have the final say on the submission to a separate adjudicatory chamber, which could be filed as soon as this week. The body is expected to seek at least a one-season ban," the Times said.</p>.<p class="bodytext">It was unclear if such a ban, if levied, would be enforced next season or in the 2020-21 campaign, the Times said, noting that with qualifying for Europe's most prestigious and lucrative club championship set to start in June there is little time to finalize a sanction.</p>.<p class="bodytext">Manchester City would also have the right to appeal such a ban to the Court of Arbitration for Sport.</p>.<p class="bodytext">Manchester City vigorously denied any financial irregularities, saying in March they welcomed UEFA's investigation as an opportunity to clear their name.</p>.<p class="bodytext">City, who were fined 60 million euros ($67.3 million) and subjected to squad, wage and spending caps in a 2014 settlement agreed with UEFA following a previous breach of the rules.</p>.<p class="bodytext">But the club says the claims made in Der Spiegel were an "organized and clear" attempt to damage its reputation.</p>