The blue side of Manchester have erupted with jubilation after Manchester City reportedly won their appeal against a two-year UEFA Champions League ban after it was overturned today by the Court of Arbitration for Sport (CAS).
According The Sun UK, CAS ruled that City should pay a fine of £8.9m for their “disregard” of the principle of cooperation in investigations.
City appealed to the Lausanne-based court in February after the ban was imposed for breaches of Financial Fair Play regulations.
It was reported that the Etihad club were found to have disguised millions of pounds in funding from their Abu Dhabi owners as legitimate sponsorship deals.
The Court said; “The CAS award emphasized that most of the alleged breaches reported by the Adjudicatory Chamber of the 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.”