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”.
Watch European Football with beIN SPORTS and ESPN on Kayo. New to Kayo? Get your 14-day free trial & start streaming instantly >
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.
A statement from Manchester City 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.”
UEFA released a statement of their own on the verdict, stating they remain committed to the implementation of Financial Fair Play.
It read: “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 5 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.
Speaking after the match against Brighton, City manager Pep Guardiola said he was confident the ban would be overturned and insisted his side deserved to play in European football’s elite competition.
“Today we achieved one incredible challenge, which is qualification for the Champions League mathematically,” Guardiola told Sky Sports.
“That is the challenge that is the minimum requirement for this club. And these players have done it for the last six or seven years.
“We deserve to be there because we won it on the pitch. Hopefully on Monday UEFA can allow us to play like this team and these players deserve to.”
A NOTE ABOUT RELEVANT ADVERTISING: We collect information about the content (including ads) you use across this site and use it to make both advertising and content more relevant to you on our network and other sites. This is also known as Online Behavioural Advertising. Find out more about our policy and your choices, including how to opt-out.
Abonnez-vous gratuitement et soyez le premier à liker et à partager:
Votre point de vue compte, donnez votre avisTéléchargez notre application Android