After the two-year suspension from the UEFA contests was lifted by the CAS, Manchester City will be able to play in the next Champions League season.
A penalty which was reduced from CHF 32.06 million CHF 29.70 m/$33 million to CHF 10.69 m/$11 million will still be paid by the club.
The city had initially been disciplined by UEFA in February, when it was barred for two years from playing in the Champions League or the Europa League.
In its initial statement confirming punishment for the town, UEFA said the Premier League club was found to be “in the accounting and break-even information presented to UEFA from 2012 to 2016 over-reporting their sponsorship income.”
A decision by CAS claimed that the City had not overestimated its commitments to sponsorship but had refused to comply with UEFA authorities.
The heading of the CAS statement read, “Manchester City FC did not hide capital support as sponsor donations but did not collaborate with the UEFA authorities.’
“The CAS award stressed the lack of establishment or time-barredness for most of the alleged violations identified by the CFCB ‘s Arbitration Chamber,” said CAS, which in the coming days will publish all the reasons it has given in writing.
“Because the allegations of any deceptive disguise of equity funding were obviously more serious violations than impeding investigations by CFCBs it did not matter that MCFCs did not comply alone with the investigations of the CFCB were barred from participating in UEFA’s club competition.”
The City addressed the decision in a statement: “The club welcomes the consequences for its present ruling and validates the club stance and the body of evidence it has been able to send, even though Manchester City and its legal advisors are yet to review the full judgment of the Sports Arbitration Court.
“The club would like to thank the members of the jury for their diligence and due process.”
In the Premier League table, the decision also affects the clubs currently below the city.
If the ban is upheld, the team would have qualified for the Champions League with the results of the Europa League leading up to sixth and seventh, now in fifth position, Manchester United.
The long-term feasibility of UEFA’s FFP scheme is now challenged due to the outcome of what may be called a landmark decision.
The governing body said, however, that in a statement responding to the decision, it remained “committed to its values.””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 In view of the five year period envisaged in the UEFA rules, the suspected violations were stopped in time.
“Economic fair play has been a big contributor to the safety and financially viable governance of clubs and EUFA and ECA continue to be committed to their values in recent years.”
The Financial Fair Play rules of UEFA aim at maintaining the financial health of European football clubs so as to avoid team ruin, effectively by reducing the net losses of clubs for a certain period of time.
City immediately rejected its results and appealed the decision at the first occasion by Club Financial Control Body (CFCB) with the strong statement of CFCB CEO Ferran Soriano: “The claims are not true, they simply are not true.”
The investigation of UEFA was prompted by a series of reports based on papers allegedly obtained by whistleblowers Football Leaks in 2018, based by the German magazine Der Spiegel.
For nearly a decade, hostility has blast between the Premier League giants and the governing body of European football, and the recent clashes have further tightened ties.
City fans have become accustomed to boo the UEFA anthem by playing before the Champions League matches, which has intensified since the club’s first loss of financial fair play in 2014.
Source : Goal.com