After hearing evidence over three days in June, the Court of Arbitration for Sport (CAS) has lifted Manchester City’s two-year ban from European football, CAS also reduced the club’s initial €30m fine to €10m (£8.96m) after finding “most of the alleged breaches reported were either not established or time-barred.”
This was revealed in a statement from CAS saying “As the charges with respect to any dishonest concealment of equity funding were clearly more significant violations than obstructing the CFCB’s (Club Financial Control Body) investigations, it was not appropriate to impose a ban on participating in UEFA’s club competitions for MCFC’s (Manchester City Football Club) failure to co-operate with the CFCB’s investigations alone.”
“However, considering i) the financial resources of MCFC; ii) the importance of the cooperation of clubs in investigations conducted by the CFCB, because of its limited investigative means; and iii) MCFC’s disregard of such principle and its obstruction of the investigations, the CAS Panel found that a significant fine should be imposed on MCFC and considered it appropriate to reduce UEFA’s initial fine by 2/3, i.e. to the amount of EUR 10 million.” The statement further stated
The decision means that the Citizens are now free to compete in the UEFA Champions League next season, having secured second place in the Premier League with a 5-0 win over Brighton on Saturday.
The club welcomed the decision in a statement, which read: “Whilst Manchester City and its legal advisors are yet to review the full ruling by the Court of Arbitration for Sport (CAS), the club welcomes the implications of today’s ruling as a validation of the club’s position and the body of evidence that it was able to present. The club wishes to thank the panel members for their diligence and the due process that they administered.”
City were handed the suspension by UEFA’s CFCB back in February for “serious breaches” of club licensing and financial fair play regulations saying that the club had overstated sponsorship revenue in their accounts and in the break-even information submitted to UEFA between 2012 and 2016, and for failing to co-operate with its investigation.
by Leroy Hawkson|TalksAfrica.com