Manchester City may miss out on $1.5 billion Champions League

Investigators from European football’s governing body will meet Thursday to decide whether Manchester City will be banned from competing in the lucrative Champions League, according to a member of the investigatory chamber.

The New York Times reported Monday that the newly crowned English Premier League champion could be banned from Europe’s most prestigious club tournament over allegations of unfair financial practices.

Petros Mavroidis, a member of UEFA’s Club Financial Control Body Investigatory Chamber, told CNN Sports that he was surprised by the information contained in the report because no final decision had been taken.

The New York Times had reported that investigators would recommend a season-long ban.