Manchester City have been banned from all UEFA competitions for the next two seasons for “serious breaches” of Financial Fair Play regulations.
The Premier League club have also been fined £24.9 million.
An Adjudicatory Chamber of the Club Financial Control Body (CFCB) found the Premier League champions guilty of serious breaches of the UEFA Club Licensing and Financial Fair Play Regulations.
In a statement, UEFA said City “overstated its sponsorship revenue in its accounts and in the break-even information submitted to UEFA between 2012 and 2016”.
The club has said it will take its appeal to the Court of Arbitration for Sports.