The two-year ban placed on Man City, preventing them from participating in European competitions has been lifted by the Court of Arbitration for Sports (CAS). The result of the judgment will see Manchester City play in the UEFA Champions League after finishing on the second position behind Premier League winners Liverpool.
A reduced fine of €10 million from the original €30 million would still be paid by Manchester City. The ban was placed on City by UEFA in February after they decided that the club broke the Financial Fair Play (FFP) rules.
In the statement published by UEFA, the governing body said that Man City was found guilty of “overstating its sponsorship revenue in its accounts and in the break-even information submitted to UEFA between 2012 and 2016.” A new statement released by CAS said “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.”
The club has commented saying the implications of the verdict passed today is welcomed, the judgment furthers quells the rumors flying around of the exit of several players of the team should the ban have stood.
The result now places a fifth placed Manchester United Champions League aspiration in jeopardy, as it seems that they are likely to play in the Europa League due to the current situation of things.Click here to leave a comment