Manchester City has had their Champions League ban overturned by the Court of Arbitration for Sport (CAS).
In February, Manchester City were issued a two-year ban and a £25m fine after being found guilty of breaching financial fair play regulations.
The Uefa’s Club Financial Control Body (CFCB) found the club guilty which in turn forced the club to appeal the decision at the highest sports-legal body in the world who today overturned the two-year ban and instead issued the club a fine of roughly £8m.
This is a massive boost for the club with stars such as midfielder Kevin de Bruyne possibly linked with a move away from the Etihad had the ban been upheld.
It also offers the club a better chance of keeping manager Pep Guardiola who has been linked with a return to Barcelona.
Shortly after the decision, UEFA issued the following statement:
“UEFA takes note of the decision taken by the Court of Arbitration for Sport to reduce the sanction imposed on Manchester City FC by UEFA’s independent Club Financial Control Body for alleged breaches of the UEFA Club Licensing and Financial Fair Play regulations.
“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.
“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.
“UEFA will be making no further comments on the matter.”
The decision will likely have large effects over the seriousness of FFP in the future and could set a dangerous precedent that big clubs can continue to exploit weaknesses within the policy and escape a ban much like City have done.