Guardiola named Premier League Manager of the Season

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"The New York Times report citing "people familiar with the case" is therefore extremely concerning".

The newspaper's report states: "The files are said to include emails and internal club documents showing efforts by City to circumvent UEFA's financial fair-play regulations by masking cash infusions from a United Arab Emirates state-backed investment company through inflated sponsorship agreements with entities including the U.A.E.'s national airline, Etihad".

In January Leterme confirmed that City could be kicked out of Europe if alleged irregularities exposed in the Football Leaks scandal and published by Der Spiegel prove to be true, saying they could face the "heaviest punishment".

"If it is true what has been written, there might be a serious problem", Leterme was quoted as telling a Belgian media group earlier this year.

However, they add: "It is unclear if UEFA would instead give City's spot to another domestic competition".

The Reds, though, will have another chance to win the Champions League this year when they take on Tottenham in the final in Madrid on June 1.

Numerous allegations regarding City's financial wrongdoings were brought to light by the so called 'Football Leaks' files earlier this year, and are said to include emails and private club documents that show the club's attempts to "circumvent UEFA's financial fair-play regulations by masking cash infusions from a United Arab Emirates state-backed investment company through inflated sponsorship agreements with entities including the U.A.E.'s national airline, Etihad", according to the report today in the American media.

FFP rules require clubs to balance their books over a three year period.

"It's honestly embarrassing that some Man City fans think it's OK for their players to sing about fans being beat up", one Liverpool fan tweeted, while many more responded saying the video was "classless", "unprofessional" or "naive".

The claim is that members of the investigatory chamber of UEFA's financial control board met two weeks ago in Nyon to finalise their conclusions, and are expected to seek a ban which will come into effect either next season or in 2020/21. Manchester City would also have the right to appeal to the Court of Arbitration for Sport.

A City spokesperson said: "The song in question, which has been a regular chant during the 2018-19 season, refers to the 2018 UEFA Champions League final in Kiev".