BREAKING: Manchester City wins appeal against UEFA Ban

Manchester City will play in the Champions League next season after the Court of Arbitration for Sport (CAS) overturned the club’s two-year ban from European football.

City were handed the suspension by UEFA's club financial control body in February for "serious breaches" of club licensing and financial fair play regulations.

The Premier League club vehemently denied any wrongdoing and appealed the decision at CAS last month, after previously describing the UEFA disciplinary process as "prejudicial".

After hearing evidence over the course of three days in June, CAS have now overturned the suspension - meaning City are free to compete in the Champions League next season, having secured second place in the Premier League with a 5-0 win over Brighton on Saturday.

CAS has also reduced City's fine from €30m to €10m.

CAS's verdict read: "The CAS award emphasised that most of the alleged breaches reported by the Adjudicatory Chamber of the UEFA Club Financial Control Body (CFCB) were either not established or time-barred.

"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.

"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 two-thirds, i.e. to the amount of EUR 10 million."

UEFA REACTS TO CAS DEFEAT

"UEFA takes note of the decision taken by the Court of Arbitration for Sport to reduce the sanction imposed on Manchester City FC by UEFA’s independent Club Financial Control Body for alleged breaches of the UEFA Club Licensing and Financial Fair Play regulations.

"UEFA notes that the CAS panel found that there was insufficient conclusive evidence to uphold all of the CFCB’s conclusions in this specific case and that many of the alleged breaches were time-barred due to the five-year time period foreseen in the UEFA regulations.

"Over the last few years, Financial Fair Play has played a significant role in protecting clubs and helping them become financially sustainable and UEFA and ECA remain committed to its principles. UEFA will be making no further comments on the matter."

MAN CITY REACT TO WINNING APPEAL

Man City statement in full:

'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.'

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