Manchester City is back! This Monday, in Switzerland, the club received the happy news of the lifting of the sanction imposed by UEFA for violating the limits of financial fair play.
Manchester City achieved a favorable result after appealing to the Court of Arbitration for Sport (CAS), which has proved it right in a surprising verdict that overturns all the financial fair play policy that UEFA intends to impose.
Uefa’s Financial Control Corps (CFCB) had found the City guilty of falsely inflating its sponsorship revenue by submitting some accounts as part of the Fair Play compliance process, but the club proved it was right.
« UEFA takes note of the decision made by the Court of Arbitration for Sport to reduce the penalty imposed on Manchester City FC by the Independent Club Financial Control Body of UEFA for alleged breaches of the Club Licensing and Financial Fair Play regulations of UEFA, « UEFA said publicly.
In turn, the club celebrated in a big way as it will now be able to compete in the Champions league without problem: « Although Manchester City and its legal advisers have not yet reviewed the full ruling of the Court of Arbitration for Sport (CAS), the Club appreciates the implications of today’s ruling as a validation of the Club’s position and the body of evidence it could present, « he said.
EL City appealed to the TUS, based in Lausanne, last February after receiving a two-year suspension to participate in UEFA tournaments and a fine of € 25 million. He was accused of disguising millions of euros in funds from his Abu Dhabi owners as legitimate sponsorship deals.
Now the City ensures its presence in the Champions League, tournament for which it is currently classified, and incidentally it gives a hard blow to Manchester United and Chelsea, who expected bad news for their rivals that would allow them to dream of being in European tournaments next time. season.