Manchester City could be facing a huge financial fair play sanction, with UEFA preparing to rule that the major spending spree that turned the club into title challengers broke the new cost control regulations, according to the Telegraph.

The club’s billionaire owner Sheikh Mansour bin Zayed al Nahyan – who has bankrolled the most successful period in the clubs history – is set to be found guilty of failing to comply with the FFP rules.

Paris St Germain could also find themselves punished by UEFA’s financial control body, which was created to prevent “greed, reckless spending and financial insanity”.

Meetings are set to be held on Tuesday and Wednesday to decide which clubs are the first to be punished.

City and PSG are understood to be amongst 20 teams under the threat of sanction, and unless new evidence appears in the next 48 hours to support their claims that they played by the rules, then they are set to be hit harder than the rest.

The nature of the punishment is set to be decided in the coming days, but it is understood neither club will face expulsion from next seasons Champions League.

The punishment is far more likely to be a hefty fine, or a transfer embargo that would prevent both clubs from adding to two of the most expensively assembled squads in history.

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