Manchester is a short 25/1 to be relegated from the Premier League next season, according to Sky Bet.
Pep Guardiola's men only last week, won the title for a fourth consecutive year.
Last season, City won a Treble - league, Champions League and FA Cup.
However, the champions are facing 115 charges for allegedly breaching the Premier League's financial rules.
They face the risk of points deduction, heavy fines and/or relegation from the topflight.
City have insisted they are innocent and will get the chance to argue their case at a hearing in the next few months.
Many believe that they will be relegated if found guilty. However, there are harsher punishments, such as having their titles stripped and the potential expulsion to non-league football, that have also been floated.
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