Suspended from European competitions for two years, Manchester City has just been cleared by the Sports Arbitral Tribunal.
Manchester City can slash champagne, Sports Arbitral Tribunal decided to cancel the sanction pronounced by UEFA last February. For violating the rules of financial fair play and refusing to cooperate during the investigation, the English club had been suspended by UEFA from all European competitions for two years, plus a fine of 30 million euros.
The death of the FPF?
A decision that Manchester City immediately challenged before the CAS. The latter ruled and decided today to cancel the sanction of Manchester City and replace it with a fine of 10 million euros. A real snub for UEFA and its financial fair play and excellent news for the English club, which may well present itself in the Champions League next season.
The CAS justified his decision by explaining that most of the alleged violations reported by the arbitration chamber of the club financial supervisory body (CFCB) were not established or were now prescribed.
In a statement, Manchester City welcomed this decision which validates “the position of the Club and all the evidence it has been able to present”. “The Club would like to thank the members of the panel for their diligence and the due process they administered”, can we also read.