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MONTREUX, Switzerland — An attempt by Manchester City to block an investigation into its finances and spending was rejected Friday by the Court of Arbitration for Sport, which ruled that the club’s appeal was “inadmissible” because European soccer officials have not yet issued a ruling in the case.
Investigators from UEFA, the sport’s governing body in Europe, have spent months looking into possible violations of the organization’s so-called financial fair play rules. Those rules, in place since 2011, were devised to impose a measure of financial fairness within the European soccer economy by linking spending to revenues, but powerful clubs have routinely avoided serious punishment for breaking them.