UEFA could ban City from the Champions League

Vincent Kompany lifts the Premier League trophy after Manchester City were crowned back-to-back champions

Vincent Kompany lifts the Premier League trophy after Manchester City were crowned back-to-back champions

"The accusation of financial irregularities are entirely false, and comprehensive proof of this fact has been provided to the CFCB IC".

And 18-year-old midfielder Phil Foden is also set to play a bigger part of Guardiola's plans after making a big impact in City's title run-in by starting the final three Premier League games at the Etihad Stadium.

According to the report, officials at UEFA and the Premier League have for months been investigating City's financial dealings after a slew of leaks claiming the club had broken Financial Fair Play regulations.

Ilkay Gundogan, Kyle Walker and Vincent Kompany are among the City players who can be seen passing around the Premier League trophy as they celebrate beating Liverpool to the league title, while chanting to the tune of the famous Kop song "Allez, Allez, Allez" can be heard.

The report came just 24 hours after City pipped Liverpool for the title and claims UEFA's club financial control body, led by chief investigator Belgian Yves Leterme, will recommend a Champions League ban within the next week.

"The implications are that either Manchester City's good faith in the CFCB IC is misplaced or the CFCB IC process is being misrepresented by individuals intent on damaging the club's reputation and its commercial interests".

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According to the New York Times, investigators for the European governing body have chose to push for at least a one-season ban from the competition, after a meeting at its Swiss headquarters two weeks ago.

The latest online version of the New York Times article does not contain any reference to "people familiar with the case".

Manchester City did not offer a comment when contacted by Sportsmail.

City were fined £49million and hit with restrictions on transfer spending and the size of their Champions League squad after the original investigation five years ago.

Manchester City would still have the right to appeal to the Court of Arbitration for Sport and a lengthy legal process is likely, while the club have continually denied any wrongdoing throughout.

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