City to face fresh UEFA FFP investigation

Club "welcomes... opportunity to bring to an end the speculation"

Manchester City will face a new investigation for alleged breaches of Financial Fair Play (FFP) rules, UEFA announced on Thursday evening.

A statement on UEFA's website said:

"The Investigatory Chamber of the independent UEFA Club Financial Control Body has today opened a formal investigation into Manchester City FC for potential breaches of Financial Fair Play (FFP) regulations. 

"The investigation will focus on several alleged violations of FFP that were recently made public in various media outlets.

"UEFA will make no further comments on the matter while the investigation is ongoing."

City issued a defiant response on their website shortly afterwards:

"Manchester City welcomes the opening of a formal UEFA investigation as an opportunity to bring to an end the speculation resulting from the illegal hacking and out of context publication of City emails. The accusation of financial irregularities are entirely false. The Club’s published accounts are full and complete and a matter of legal and regulatory record."