Manchester City will be playing in the Champions League after all.
It turns out that the Court of Arbitration for Sport has overturned UEFA’s original penalty of Financial Fair Play breach.
The Cityzens were supposed to miss UEFA competitions for two seasons and pay €30 million in fines. Not only have they been allowed to participate from next season onwards, but their original fine has also been reduced to €10 million.
The official statement from CAS read – “Manchester City FC did not disguise equity funding as sponsorship contributions but did fail to cooperate with the UEFA authorities.
“The CAS award emphasized that most of the alleged breaches reported by the Adjudicatory Chamber of the CFCB were either not established or time-barred,” added CAS, which will publish its full written reasons over the coming days.
“As the charges with respect to any dishonest concealment of equity funding were clearly more significant violations than obstructing the CFCB’s investigations, it was not appropriate to impose a ban on participating in UEFA’s club competitions for MCFC’s failure to cooperate with the CFCB’s investigations alone.”
Manchester City responded to the ruling that said, “Whilst Manchester City and its legal advisors are yet to review the full ruling by the Court of Arbitration for Sport, the club welcomes the implications of today’s ruling as a validation of the club’s position and the body of evidence that it was able to present.
“The club wishes to thank the panel members for their diligence and the due process that they administered.”
City remains under investigation by the Premier League. However, there is very little to suggest that they will face any more repercussions.
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