Manchester City have lost their attempt to block a UEFA investigation into financial fair play violations.
City had asked the Court of Arbitration for Sport [CAS] to throw out the financial fair play case that had been brought against the club by UEFA.
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The two-time defending Premier League champions tried to stop UEFA’s club finance panel from handling a referral by investigators to impose a punishment.
The UEFA investigation was sparked by leaks of City’s internal correspondence and documents to German outlet Der Spiegel.
The leaks implied City deceived UEFA for several years, including by hiding information that revenue from potentially overvalued commercial deals came from the club’s owners in Abu Dhabi to curb losses. City hasn’t disputed the authenticity of the documents.
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