Manchester City's European competitions ban lifted

Manchester City's European competitions ban lifted

The English club was banned from UEFA's top club competition the Champions League as punishment.

City's success raises major question marks surrounding UEFA's Financial Fair Play regulations, despite the insistence that the rules are here to stay.

"UEFA have been undone by their own rules", Mills told Football Insider today.

We don't care about City, We're strong enough to earn our place in next season of Champions League.

Since being acquired by Abu Dhabi in 2008, Manchester City has grown to become the world's sixth-biggest soccer club with annual revenue of more than 600 million pounds, according to Deloitte's Money League.

The guarantee of Champions League football should ensure City keep hold of their star names and it also increases the chances of Guardiola extending his stay, which he has suggested he is open to doing.

Guardiola had pledged to stay in Manchester "no matter what happens" in the courts.

City, who confirmed their place in next season's European Cup with the 5-0 thrashing of Brighton & Hove Albion, lodged their appeal to CAS in February after Uefa's club financial control body issued the suspension in February. Chief executive Ferran Soriano had said the allegations were "simply not true" and "irrefutable evidence" would be provided to prove the club's innocence.

CAS made a decision to overturn the ban and lower a 30 million euro fine to 10 million euros after judging that "most of the alleged breaches reported were either not established or time-barred".

FFP, which limits clubs to not losing more than 30 million euros over a three-year period, with exceptions for some costs such as youth development and women's teams, has helped drive down debt levels in European football.

Giallorossi president James Pallotta has been very critical of UEFA's Financial Fair Play measures throughout the years.

UEFA could choose to challenge the CAS ruling at Switzerland's supreme court. Federal appeals in CAS cases rarely succeed and only consider narrow grounds of legal procedure.

UEFA had launched an investigation after a series of articles published by Der Spiegel in November 2018 alleged the Premier League club had artificially inflated sponsorship revenues.

At the rate Chelsea and Leicester are dropping points, it is more likely to be one of them cursing at this ruling.

UEFA had previously signed off on City's submitted accounts since 2014.

The initial fine of €30 million (Dh124.6m) has been reduced to €10m. French champion PSG got the same fine in a similar case.

UEFA insists that the system will be maintained. Sponsor deals linked to wealthy owners must be set at fair market rates.

England forward Raheem Sterling is also expected to stay at the club.

However, the court said the concerns expressed were not without merit and described the alleged leaks from UEFA's end as "worrisome". Uefa noted that Cas found "insufficient conclusive evidence" to uphold all of its conclusions, not "no evidence".

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