While Manchester City are still awaiting punishment after being found guilty of breaching the Premier League's financial regulations, their transfer plans are already starting to be affected, according to Bloomberg.

The Citizens are in a poor run of form on the pitch, having lost each of their last three league games under new boss Enzo Maresca. They sit six points behind leaders Arsenal after ten matches, meaning the Italian's side already have a mountain to climb to eclipse the champions to the title this term.

That said, it remains to be seen whether these early season results and standings will mean anything in the long run.

City are facing a potential points deduction or even expulsion from the English top flight after an independent panel found them guilty of artificially inflating their revenues by using 'sham' commercial deals, whilst also failing to co-operate with the Premier League's investigation for several years.

Banks 'Starting to Shy Away' From Man City Involvement

Bloomberg report that banks are 'starting to shy away' from financing deals linked to City's transfers. These financial institutions typically advance money to clubs selling players to the Citizens, but have begun holding back in this process in recent times.

It's understood that banks are waiting to see what sort of sanctions the Premier League will impose on the north-west club before they continue to facilitate transfers City are involved with.

It's believed that the reasons behind these banks' decision to step back from City's dealings are both reputational and related to potential credit risks.

Bloomberg suggest that German lender Oldenburgische Landesbank AG pulled out of a financing deal linked to City's purchase of Palmeiras winger Allan Elias near the end of the summer transfer window. The deal cost City in the region of £34 million — a sum the Brazilian club would've received a greater proportion of up front had the German bank not opted out of the deal.

While City were ultimately able to secure the deal for Allan without the help of Oldenburgische Landesbank AG, it's likely that a lack of financial intervention will hinder them in future transfer windows, as early as this January.

This process of banks advancing money to the selling club creates a low-cost source of debt for clubs, while it's profitable for the lenders themselves.

While City's wealthy Abu Dhabi-based owners have consistently injected their own money into the Manchester club, meaning they theoretically don't need to rely on bank finance for transfer activity or other operations, Bloomberg's report indicates that they have indeed called upon it regularly.

Based on this report, it would be no surprise to see City somewhat hamstrung in the upcoming winter window.