The Court of Arbitration for Sport (CAS) has removed the two-year ban placed on Manchester City by UEFA from its flagship Champions League.
The CAS ruled on Monday that the sanctions were too harsh and reduced City’s fine from €30 million to €10 million.
“The CAS award emphasised that most of the alleged breaches reported by the Adjudicatory Chamber of the UEFA Club Financial Control Body (CFCB) were either not established or time-barred,” the verdict read.
“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.
“However, considering i) the financial resources of MCFC; ii) the importance of the cooperation of clubs in investigations conducted by the CFCB, because of its limited investigative means; and iii) MCFC’s disregard of such principle and its obstruction of the investigations, the CAS panel found that a significant fine should be imposed on MCFC and considered it appropriate to reduce UEFA’s initial fine by two-thirds, i.e. to the amount of EUR 10 million.”
UEFA had handed down the ban in February.