Premier League confirm they are investigating Manchester City over alleged breaches of Financial Fair Play rules

The Premier League have confirmed that they are investigating Manchester City over alleged breaches of Financial Fair Play rules.

City manager Pep Guardiola had urged Uefa earlier on Friday not to drag out its newest investigation into City.

The European governing body announced on Thursday it had launched a probe following a series of fresh allegations about the Premier League champions in the media.

The claims include allegations that some of City's sponsorship deals were artificially inflated and that the club were deceitful in their accounting procedures.

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City have denied the claims and manager Guardiola expressed his confidence in the club when questioned about the matter at his latest press conference.

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

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

"I said last season I trust a lot what the club has done because I know them. Hopefully they can solve it as soon as possible."

Asked further if he was concerned the matter could taint his legacy at the club, Guardiola said: "No, absolutely not."