Manchester City has overturned a two-year European ban imposed following investigations conducted bu UEFA on an alleged breach of FIFA financial fair play regulations.
In a landmark ruling issued by the Court of Arbitration for Sports (CAS) they confirmed it was true that the club failed to corporate with UEFA during investigations but in regard to the ban, it was not okay.
The court further reduced the sanction imposed on Manchester City from 30 million pounds to 10 million pounds.
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In a statement issued by UEFA, they noted that the court found insufficient evidence and that the alleged breaches are time barred due to the laid down 5-year rule.
The ruling now paves ways for Pep Guardiola’s side to participate fully in the upcoming Champions League tie with Real Madrid.
Leading from the first round, the winners of the tie will face Juventus of Lyon in the quarter-finals.
According to UEFA, the club overstated its amounts terming it as sponsorship deals so as to break even as required by FFP.
They have in the past denied the allegations that saw them slapped with 49 million pound fine.