Advertisement
The Court of Arbitration for Sport upheld City’s appeal against the UEFA ban but imposed a 10 million euro ($11.3 million) fine on the club for failing to cooperate with independent investigators.
Some UEFA allegations accusing City of finance rules violations dating back several years were ‘time-barred’, the court said.
CAS plans to publish a detailed written verdict within days which could help explain why UEFA’s case did not comply with its own internal rules.
Related Articles
Advertisement
The decision by the three CAS judges clears the team coached by Pep Guardiola to play in the group stage of the Champions League next season. The case does not affect City’s place in this season’s competition, which resumes next month.
City’s win guarantees tens of millions of dollars in UEFA prize money next season. It also protects against players leaving to seek Champions League action with another club.
Guardiola had pledged to stay in Manchester ‘no matter what happens’ in the courts.
“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,” City said in a statement.
UEFA punished Man City in February for “serious breaches” of finance monitoring rules and failing to cooperate with investigators.
The allegations included that City, owned by Abu Dhabi’s royal family, misled UEFA over several years to meet financial integrity rules, known as Financial Fair Play required to enter European club competitions.
City denied wrongdoing and said it had “irrefutable evidence” the claims were not true.
“The CAS award emphasized that most of the alleged breaches reported by the Adjudicatory Chamber of the (UEFA club finance panel) were either not established or time-barred,” the court said.
City’s win will raise doubts about the future of the UEFA Financial Fair Play program, created in 2009 after the global financial crisis.