The ban on stopping Manchester City in European competition for the next two seasons has been lifted.

The Arbitration Court for Sport (CAS) issued its verdict after hearing the club’s appeal against UEFA sanctions, issued in February for “serious violations” of financial fair play rules.

CAS announced that City has been authorized to “mask equity funds as sponsorship contributions”.

The club’s fine for not collaborating with independent investigators has been reduced from € 30 to € 10 million.

Pep Guardiola’s team secured second place in the Premier League after a 5-0 win against Brighton and Hove Albion. Therefore, the blue half of Manchester will play in the next Champions League.

City said in a statement on his website that “while his legal advisors have yet to review the entire ruling,” the club “welcomes the implications of today’s ruling as a validation of the club’s position and the body of evidence it has been able to present.”

“The Club would like to thank the panel members for their diligence and the fair trial they have administered,” he added.

Fans expressed their joy at the ruling on social media.

UEFA said it had taken note of the decision, adding: “In recent years, financial fair play has played a significant role in protecting clubs and helping them become financially sustainable and UEFA and the European Club Association remain faithful to its principles “.

City’s victory will raise doubts about the future of the UEFA Fair Fair Play program, created in 2009.

They join Paris Saint-Germain and AC Milan in UEFA’s defeat at CAS in the past two years.

The urgent sentence came a month after a three-day hearing held by a video link between Switzerland and England. A full verdict describing the evidence, expert testimony, and judges’ reasons is unlikely to be published for several weeks.

UEFA could choose to challenge the CAS ruling to the Supreme Court of Switzerland. Federal appeals in CAS cases are rarely successful and take into account only narrow legal grounds.

UEFA decided to create the FFP system 11 years ago, following the global financial crisis, to monitor the finances of over 200 clubs that qualify for its competitions each year. Clubs must approach the tie for commercial revenue and transfer and salary expenses. Sponsor offers linked to wealthy owners must be established at fair market rates.

Source link