Great News for Manchester City fans as they have won appeal and Champions League has ban lifted. This means City will now play the Champions League next season.
The Court of Arbitration of Sports (CAS) overturned the ban and Manchester City name was cleared after charges of “serious breaches” of Financial Fair Play.
UEFA in February had banned City from all European Competitions including the Champions League and had also fined the €30million.
CAS also ruled that the fines imposed on City will be reduced to €10m.
It brings to an end their long-running battle with European football’s governing body and removes the cloud that has hung over them since the publication of supposed leaked emails and documents.
City always maintained they were innocent of all charges after they were accused of overstating sponsorship deals to disguise funds being pumped into the club by owner Sheikh Mansour.
Manchester City Ban Lifted : How UEFA is reacting to it ?
As Manchester City’s fate in future European competitions has been decided, UEFA has released a statement in this regard.
“UEFA takes note of the decision taken by the Court of Arbitration for Sport to reduce the sanction imposed on Manchester City FC by UEFA’S independent Club Financial Control Body for alleged breaches of the Uefa Club Licensing and Financial Fair Play regulations.
UEFA notes that the Cas panel found that there was insufficient conclusive evidence to uphold all of the CFCB’s conclusions in this specific case and that many of the alleged breaches were time-barred due to the five-year time period foreseen in the Uefa regulations.
Over the last few years, Financial Fair Play has played a significant role in protecting clubs and helping them become financially sustainable and UEFA and ECA [European Club Association] remain committed to its principles