Some suggested the song mocked the 96 deaths in the Hillsborough disaster and Cox, a Liverpool fan who was attacked by Roma supporters at Anfield before the Champions League semi-final last season and suffered life-changing injuries.
UEFA are reported to be preparing to throw them out of the Champions League for a season.
Allegations were made in German publication Der Spiegel, purportedly obtained by whistleblowers Football Leaks, that City circumvented FFP rules by inflating sponsorship deals.
If this is true, they should be punished.
The Merseyside outfit are aiming to go one step further than they did last season and lift the Champions League trophy, after having lost the final previous year to Real Madrid.
Liverpool defender Andrew Robertson is set to feature in the Champions League final against Spurs after picking up a knock in the previous stage of the competition, according to the Mirror. "PSG, Juve, Real Madrid have also shown firm interest, but there has been no interest from other Premier League clubs".
Every other Premier League club (aside from Chelsea) buys players with the cash they generate through their own business, but City have a different business model and this is why I can't see them being beaten in the title race for a long time to come. Which players carried them over the line to glorious victory?
Jurgen Klopp's men missed out on a first league title in 29 years after being edged out by defending champions Manchester City by just one point.
Luckily now we've got a couple of weeks to recover and get our bodies right - and we'll know we'll be as fresh as we can be going into the final.
Pep Guardiola is already making plans to stop his squad from stagnating after winning two consecutive championships with record points totals and on the back of this season's intense challenge from Liverpool.
What happens if Manchester City win the domestic treble in England for the next five years?
Of course, there is a way to stop them in their tracks and it means those in charge of English football following UEFA's lead and by giving them suitable punishment for breaking the rules of the game.