Nyon ( Switzerland): Manchester City have been banned from European competitions for the next two seasons for u201c serious financial fair- play breachesu201d, UEFA announced on Friday, with the verdict immediately contested by Pep Guardiolau2019s English champions.

City, who were also fined 30 million euros ( R 232 crore), announced they were appealing the suspension to the Court of Arbitration for Sport ( CAS) u201c at the earliest opportunityu201d. u201c Manchester City is disappointed but not surprised by todayu2019s announcement by the UEFA Adjudicatory Chamber,u201d the club said.