"The CFCB investigatory chamber had opened an investigation into Manchester City FC on 7 March 2019 for potential breaches of Financial Fair Play (FFP) regulations that were made public in various media outlets."

City immediately responded, "The accusation of financial irregularities remains entirely false and the CFCB IC referral ignores a comprehensive body of irrefutable evidence provided by Manchester City FC to the Chamber."

"The decision (to refer the case) contains mistakes, misinterpretations and confusions fundamentally borne out of a basic lack of due process and there remain significant unresolved matters raised by Manchester City FC as part of what the club has found to be a wholly unsatisfactory, curtailed, and hostile process," the club added.

Sheikh Mansour bought the club in 2008, transforming the club from Premier League punchline into serial winners.

Paris Saint-Germain, backed by Qatari, have encountered a similar UEFA investigation for spending 400 million euros (449 million dollars) to sign forward Neymar from Brazil and striker Kylian Mbappe from France.

The Court of Arbitration for Sport (CAS) backed the club against UEFA. Finally UEFA cleared PSG of wrongdoing.

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