UEFA are keeping a close watch on Manchester City's ongoing Premier League disciplinary proceedings and will not move to take any action of their own until the full process has been concluded, as per a new report.
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The independent commission's finding that City breached Premier League financial rules across nine seasons between 2009/10 and 2017/18 included five charges of failing to comply with UEFA's Financial Fair Play regulations - rules that limited clubs to spending within a break-even threshold tied to their own revenues.
The commission found that Manchester City's owners put in £830 million of their own money and disguised it as sponsorship income across the period, while Etihad officials lodged a 'comprehensive' appeal against the 'opinion' on October 1 - rejecting the verdict and maintaining "a comprehensive body of irrefutable evidence" exists in support of innocence.
UEFA's investigation into Manchester City was triggered by hacked club emails published by German magazine Der Spiegel in 2018, leading to a two-year European ban in February 2020, overturned by the Court of Arbitration for Sport five months later on grounds that charges were time-barred and that the required standard of proof had not been met.
European football's governing body operates a five-year statute of limitations for financial rule breaches - a provision the Premier League does not have - and that distinction is central to why the two processes have produced different outcomes.
Manchester City have issued a formal statement in response to the Premier League publishing an independent commission's finding that the club breached league's financial rules between 2009 and 2018.cityxtra.co.ukMan City Respond to Independent Commission Guilty Verdict on Premier League Financial Rule Breaches
Manchester City have issued a formal statement in response to the Premier League publishing an independent commission's finding that the club breached league's financial rules between 2009 and 2018.
UEFA could issue fresh Man City punishment
Now, as reported by Sky Sports' Kaveh Solhekol, UEFA are monitoring developments and will wait until the end of the Premier League's disciplinary process before deciding whether to take any fresh action against Manchester City.
The five-year statute of limitations that proved decisive at CAS in 2020 remains in place and would constrain the scope of any fresh UEFA action considerably, given that the commission's findings stretch back to the 2009/10 season.
The decision to hold off also reflects the interdependency between the two processes - the Premier League's appeal will produce further legal findings that any UEFA assessment would need to account for.
Premier League chief executive Richard Masters described the original verdict as "the most significant in Premier League history," and its sanctions phase and appeal will set the factual baseline from which any subsequent UEFA action would have to proceed.
In the meantime, multiple rival clubs, among them Arsenal, Tottenham, Liverpool and Manchester United, are also preparing civil compensation claims reported to total around £800 million.
Enzo Maresca's side face Andoni Iraola's Liverpool at Anfield on Sunday afternoon, before hosting Paris Saint-Germain in the UEFA Champions League's league phase at the Etihad Stadium three days later.