Manchester City has been banned from participating in the UEFA Champions League for two seasons for violating UEFA financial regulations.
UEFA announced the decision Friday in a statement, delivering a harsh punishment for City's Financial Fair Play breaches.
"Manchester City Football Club committed serious breaches of the UEFA Club Licensing and Financial Fair Play Regulations by overstating its sponsorship revenue in its accounts and in the break-even information submitted to UEFA between 2012 and 2016.
"[The Adjudicatory Chamber [of the UEFA Club Financial Control Body] has also found that in breach of the regulations the Club failed to cooperate in the investigation of this case by the CFCB.