BREAKING NEWS: Man City's Champions League ban lifted by CAS
The Court of Arbitration for Sport has lifted Manchester City's two-season ban, clearing them to play in the Champions League next season.
Manchester City's two-season ban from UEFA competitions has been quashed by the Court of Arbitration for Sport (CAS).
In February, the Premier League club were accused of committing "serious breaches" of UEFA's club licencing and financial fair play (FFP) regulations, and handed a two-season suspension.
UEFA's independent Adjudicatory Chamber of its Club Financial Control Body (CFCB) also fined City €30million after concluding they had overstated sponsorship revenues in accounts submitted to European football's governing body between 2012 and 2016.
City have persistently denied wrongdoing in relation to the matter, and CAS found in their favour in a verdict announced on Monday.
"Manchester City FC did not disguise equity funding as sponsorship contributions but did fail to cooperate with the UEFA authorities," read the heading to the CAS statement.
City must pay a reduced fine of €10m for that failure to assist UEFA adequately in its investigations
"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," said 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's two-season ban from UEFA competitions has been quashed by the Court of Arbitration for Sport (CAS).
In February, the Premier League club were accused of committing "serious breaches" of UEFA's club licencing and financial fair play (FFP) regulations, and handed a two-season suspension.
UEFA's independent Adjudicatory Chamber of its Club Financial Control Body (CFCB) also fined City €30million after concluding they had overstated sponsorship revenues in accounts submitted to European football's governing body between 2012 and 2016.
City have persistently denied wrongdoing in relation to the matter, and CAS found in their favour in a verdict announced on Monday.
"Manchester City FC did not disguise equity funding as sponsorship contributions but did fail to cooperate with the UEFA authorities," read the heading to the CAS statement.
City must pay a reduced fine of €10m for that failure to assist UEFA adequately in its investigations
"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," said 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."
Comments
Post a Comment