CAS overturns City’s ban from European football
Manchester, July 13
Manchester City’s two-year suspension from European football was overturned by the Court of Arbitration for Sport (CAS) today, allowing the club to compete in next season’s elite Champions League competition.
CAS ruled that City did not breach Financial Fair Play (FFP) rules by disguising equity funding as sponsorship. Sport’s highest court also reduced a fine for failing to cooperate with UEFA from 30 million euros to 10 million euros.
European soccer’s governing body UEFA ruled in February that City had committed serious FFP breaches and failed to cooperate with its investigation.
Missing out on the Champions League would have cost City, who have denied any wrongdoing, as much as £100 million in prize money and broadcast revenue, as well as matchday and other revenues. — Reuters
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