Manchester City will be able to play in the Champions League next season after their two-year ban from UEFA competitions was lifted by the Court of Arbitration for Sport (CAS). The club will still have to pay a fine to the UEFA, but this has been reduced from €30m to €10m.
City received a two-year ban from any UEFA competition in February for breaching the rules of financial fair play. In a statement made by the European footballing government, they stated the the Premier League giants were found guilty of ‘overstating its sponsorship revenue in its accounts and in the break-even information submitted to UEFA between 2012 and 2016.’
A statement by CAS on Monday has cleared City of the accusations. “Manchester City FC did not disguise equity funding as sponsorship contributions but did fail to cooperate with the UEFA authorities. 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 have also made a statement on their official website: “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.”