UEFA announced in a statement that City had committed "serious breaches" of the rules while the Premier League club swiftly said on their website that they will appeal the decision to the Lausanne-based Court of Arbitration for Sport (CAS).
Italian PM Conte confirmed that football clubs would return to training on Monday along with other sports teams but could not give any details about when Serie A would resume.
News of all that's transpired on and off the football field
The league said last week that the deal, called 'Boost La Liga', would strengthen its clubs and give them funds to spend on new infrastructure and modernisation projects as well as increasing how much they could spend on players' salaries.
Barcelona have been very active in the transfer market in recent years, completing three of the top six most expensive transfers ever.
Italian Prime Minister Giuseppe Conte gave the go-ahead on Sunday for professional sports teams to start training again in May following the novel coronavirus outbreak but did not set a date for soccer's top-flight Serie A championship to resume. While the Spanish soccer season is unlikely to return until the summer, the country's health minister Salvador Illa said.
Brazilian striker Neymar Jr is leaving FC Barcelona, the Catalan club confirmed on Wednesday, as a radio report said he was moving to French team Paris Saint-Germain.
Barcelona would not be allowed to play in La Liga if Catalonia broke away from Spain, the country's football league chief Javier Tebas said as tensions mounted in the region over the possibility of an independence referendum next month.
A round-up of all football-related news...
Barcelona head into Saturday's 'Clasico' against Real Madrid with a whopping 11-point gap over their bitter rivals in the Liga title race -- and they also have the advantage in financial terms, albeit by smaller margins.
How Real Madrid's players reacted to Zinedine Zidane's stepping down as Real Madrid coach.
Summary of sports events and persons who made news on Friday
Neymar's record-breaking 222 million euros ($263 million) transfer from Barcelona to Paris St Germain is set to be completed this week with the French club poised to pay his release clause.
Each of FIFA's 211 member associations would receive $500,000 in the coming days as well as any remaining entitlements for 2019 and 2020, it added. The coronavirus outbreak has brought soccer to a standstill and clubs have struggled to cope with the loss of revenue.
News of all that's transpired on and off the football field
News of all that's transpired on and off the football field
News of all that's transpired on and off the football field
News of all that transpired on and off the football field.
News of all that's transpired on and off the football field
News of all that transpired on and off the football field.