Court of Arbitration for Sport (CAS) has today lifted Man City’s two-year ban from the UEFA Champions League. Man City will now compete in the next year’s competition.
Manchester City were punished in February this year by UEFA following the accusations of breaching club licensing and financial fair play regulations.
From reports, the club breached the regulations between 2012 and 2016 and was later fined €30million after being found guilty of violating the Financial Fair Play (FFP) laws.
The Court today ruled in favour of Man City and reduced the initial fine that they were to pay to €10million. According to the Court’s ruling, the club did not disguise funds from their owners as sponsorship donations but will still have to pay the fine for failing to cooperate with the investigations.
Pep Guardiola is a happy man wherever he is, knowing his team will be in the UEFA competitions next season. Man City are currently at position two on the EPL table, a direct qualification of competing in the Champions League.
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