Manchester City manager Pep Guardiola

Premier League champions Manchester City could lose their Champions League place due to allegation that the club breached Financial Fair Play (FFP).

Concise News understands that an independent investigation into the allegation had been carried out.

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Recently published documents from Football Leaks suggest almost £60million was paid from the club’s owners, the Abu Dhabi United Group, when it should have been paid by airline sponsor Etihad.

Football’s governing body in Europe, Uefa, have previously fined City for breaching FFP regulations.

According to The Times, the punishment for a second breach could be a ban from the Champions League.

An independent investigation into the leaked documents was commissioned in November, and it is expected to recommend charges against City.

Ueaf president Aleksander Ceferin confirmed that the investigation will be completed ‘very soon’.

“We are assessing the situation,” he said. “Very soon we will have the answers on what will happen in this concrete case.”