Manchester City to Play in Champions League Next Season, CAS Overturns European Ban on Appeal
Manchester City will be free to play in Champions League after the Court of Arbitration for Sport lifted a two-season ban from European competitions imposed by UEFA on Monday.
In February, UEFA imposed a fine of 30 million euros ($32 million, £25 million) on City breaching financial fair play (FFP) rules, as well as suspending them from European competitions for the next two seasons.
"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.
UEFA released a statement on the ruling, saying that 'that many of the alleged breaches were time-barred'.
"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," 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," the statement added.