Pep Guardiola’s side is eligible to participate in the 2020-21 Champions League after the removal of the suspension.
Court of Arbitration for Sports (CAS) has overturned Manchester City’s two-year suspension from European football on Monday, therefore allowing the club to participate in the next season’s UEFA Champions League.
CAS also stated that the club did not breach the Financial Fair Play (FFP) rules but City has to pay a fine 10 million euros which has been reduced from 30 million euros for failing to cooperate with UEFA.
“Most of the alleged breaches reported by the (UEFA) Adjudicatory Chamber of the Club Financial Control Body (CFCB) were either not established or time-barred,” CAS said in a statement.
UEFA, European soccer’s governing body, had ruled in February that City had committed serious FFP breaches and failed to cooperate with its investigation.
The FFP regulations are designed to stop clubs running up big losses through spending on players. They also ensure sponsorship deals are based on their real market value and are genuine commercial agreements — and not ways for owners to pump cash into a club to get around the rules.
City’s statement read: “Whilst Manchester City and its legal advisors are yet to review the full ruling by the Court of Arbitration for Sport (CAS), 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. The Club wishes to thank the panel members for their diligence and the due process that they administered.”
“The Club wishes to thank the panel members for their diligence and the due process that they administered,” the club added.
The full legal ruling with details of the case and the decision would be published in the coming days, added CAS