Manchester City are currently under investigation regarding a potential breach of Financial Fair Play (FFP) rules, with the latest development being that they could be punished with a one-season ban if they are found guilty of breaking UEFA regulations.
UEFA launched a formal investigation in March 2019 following allegations made by Der Spiegel, which were in turn based on information obtained from whistleblower organisation Football Leaks.
The Etihad side have repeatedly rejected the accusations and denied any sort of wrongdoing.
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A new report by the New York Times on Monday, however, stated that members of UEFA's investigating chamber (IC) recommended a one-season ban from the Champions League.