An investigation into Manchester City for potential breaches of Financial Fair Play (FFP) regulations has been launched by the UEFA Club Financial Control Body (CFCB), the governing body has announced.

The move follows allegations made against the club and its owners by German publication Der Spiegel , which drew upon documents purportedly obtained by whistleblowers Football Leaks .

The articles include claims of City circumventing FFP laws, making an illegal payment to the agent of their former youth player Jadon Sancho and the City Football Group engaging in third-party ownership practices.

“The Investigatory Chamber of the independent UEFA Club Financial Control Body has today opened a formal investigation into Manchester City FC for potential breaches of Financial Fair Play (FFP) regulations,” said a UEFA statement.

“The investigation will focus on several alleged violations of FFP that were recently made public in various media outlets.”

City has offered an unwavering response to the allegations, issuing the following statement on several occasions.

"We will not be providing any comment on out-of-context materials purported to have been hacked or stolen from City Football Group and Manchester City personnel and associated people," the statement read. "The attempt to damage the club's reputation is organised and clear."

City was fined £49 million for breaching FFP regulations in 2014, while UEFA in November warned that any investigation could be re-opened should new information come to light in the wake of a separate Der Spiegel article that alleged the governing body was unaware of some of the details.