reports The Guardian. Meanwhile City’s most recent results showed up a loss of £97.9m.

“It is a hell of a lot of money and a very worrying situation that the clubs have the responsibility to take very seriously,” UEFA general secretary, Gianni Infantino said.  “It is not about just one club that might go bankrupt, the whole of football cares, because the consequences of a club going bankrupt are felt across the game.

“Everyone knows the rules and when they kick in. They know the rule are that they have to generate revenues to cover their costs without cheating.”