The Premier League have opened an investigation into Man City's alleged FFP violations

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The Premier League have confirmed that they are investigating Manchester City over recent allegations of breaching Financial Fair Play rules. 

According to the BBC, the league says it is investigating financial matters and academy player recruitment at the club. 

"The Premier League has previously contacted Manchester City to request information regarding recent allegations and is in ongoing dialogue with the club," a statement read.

"The league has detailed financial regulations and strong rules in the areas of Academy player recruitment and third-party ownership.

"We are currently investigating these matters and will allow Manchester City every opportunity to explain the context and detail surrounding them."

Their decision comes after UEFA announced on Thursday that it has launched a probe into the City's alleged FFP violations, which have been made public by the media. 

The Premier League champions have denied any wrongdoing and released a statement of their own responding to the European governing body a few hours later. 

"Manchester City welcomes the opening of a formal UEFA investigation as an opportunity to bring to an end the speculation resulting from the illegal hacking and out of context publication of City emails," it read.

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"The accusation of financial irregularities are entirely false. The Club’s published accounts are full and complete and a matter of legal and regulatory record."

Manager Pep Guardiola also spoke about the situation during his press conference on Friday afternoon.

"The club is open, so hopefully it can finish as soon as possible and Uefa can decide what it sees," he said.

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"I think the club made their statement yesterday, I can't add more than that."

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