The Premier League have announced they are investigating Manchester City over ‘academy player recruitment and third-party ownership’.
The announcement follows a statement from UEFA on Thursday saying that they are looking into ‘several alleged violations’ of Financial Fair Play at the club.
City boss Pep Guardiola has since said he ‘trusts’ the club and that the investigation will not ruin his legacy in Manchester.
The club have moved to deny all allegations, labelling them as ‘entirely false’.
“The Premier League has previously contacted Manchester City to request information regarding recent allegations and is in ongoing dialogue with the club,” a Premier League statement read.
“The league has detailed financial regulations and strong rules in the areas of Academy player recruitment and third-party ownership.
“We are currently investigating these matters and will allow Manchester City every opportunity to explain the context and detail surrounding them.”