Sports
BREAKING: Man City To Play Champions League Next Season, As Court Lifts Ban
A two-season ban imposed on Manchester City by the court of Arbitration for Sport via UEFA has been lifted on Monday.
This means that Man City will now be allow to play Champions League football next season.
In the same vein, an initial fine of 30 million euros ($34 million, £27 million) was also reduced to 10 million euros on appeal.
City were accused of deliberately inflating the value of income from sponsors with links to the Abu Dhabi United Group, also owned by City owner Sheikh Mansour, to avoid falling foul of financial fair play regulations between 2012 and 2016.
The case against City was reopened when German magazine Der Spiegel published a series of leaked emails in 2018.
However, CAS found that “most of the alleged breaches reported by the Adjudicatory Chamber of the CFCB (UEFA Club Financial Control Body) were either not established or time-barred”.
City welcomed the decision that will have huge ramifications on the club’s finances and potentially the future of manager Pep Guardiola and star players such as Kevin De Bruyne and Raheem Sterling.
“Whilst Manchester City and its legal advisors are yet to review the full ruling by the Court of Arbitration for Sport, 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,” City said in a statement.
“The club wishes to thank the panel members for their diligence and the due process that they administered.”
Since Sheikh Mansour’s takeover 12 years ago, City’s fortunes have been transformed from perennially living in the shadow of local rivals Manchester United to winning four Premier League titles in the past eight years among 11 major trophies.
On Saturday, they secured qualification for the Champions League for a 10th consecutive season with a 5-0 win at Brighton.
More silverware could come before the end of the season as Guardiola’s side face Arsenal in the FA Cup semi-finals on Saturday before restarting their Champions League campaign in August, holding a 2-1 lead over Real Madrid from the first leg of their last 16 tie.
Read also: Tottenham Player, Serge Aurier’s Brother Shot Dead In France
City’s victory in court will raise fresh questions over how effectively UEFA can police FFP.
But European football’s governing body said it remained committed to the system which limits clubs to not losing more than 30 million euros, with exceptions for some costs such as youth development and women’s teams, over a three-year period.
“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,” UEFA said in a statement.
“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.”
Source (Agency Report)
Advertise or Publish a Story on EkoHot Blog:
Kindly contact us at [email protected]. Breaking stories should be sent to the above email and substantiated with pictorial evidence.
Citizen journalists will receive a token as data incentive.
Call or Whatsapp: 0803 561 7233, 0703 414 5611
