City regularly record massive losses subsidised by their owners, and have signed a number of deals with organisations closely linked to the club.
“UEFA must find the thin line between sponsorship and excessive back-door funding – they must show strength to expel big clubs,” he said.
“No tycoon should be allowed to pump crazy money into a club with sponsorship from five companies he controls. If that happens, financial fair play will fail.
“I would not even welcome him (City owner Sheikh Mansour). What if the sheikh, as shown by Malaga, lost interest?”
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Since Guus Hiddink arrived at the helm, Chelsea have improved considerably after a tricky start to the campaign.
Newcastle United are staring down the barrel of relegation to the Championship for the second time in the past eight years.