Konkonsani

The Gossiper

COURT OF ARBITRATION OVERTURNS MANCHESTER CITY’S TWO YEAR BAN FOR BREACHING UEFA’S FINANCIAL FAIR PLAY RULES

2018/19 English champions Manchester City were handed a two-year ban from the Champions League and Europa League by football’s European governing body earlier in February.

German magazine Der Spiegel featured a story in 2018 which reported leaked emails of Manchester city. These emails showed that Manchester City has broken the FFP rules by falsely inflating their sponsorship revenues. UEFA then placed a 2-year ban on Manchester city.

After several appeals, on Monday 13th July 2020, CAS ruled saying ‘Manchester City did not disguise equity funding as sponsorship contributions but did fail to cooperate with the UEFA authorities. CAS decision: Exclusion from participation in UEFA club competitions lifted; fine maintained but reduced to €10 million”.

Most of the alleged breaches reported by the Adjudicatory Chamber of the CFCB (UEFA’S Club Financial Control Body) were either not established or time-barred.

‘As the charges with respect to any dishonest concealment of equity funding were clearly more significant violations than obstructing the CFCB’s investigations, it was not appropriate to impose a ban on participating in UEFA’s club competitions for MCFC’s failure to cooperate with the CFCB’s investigations alone.’

Manchester City released a statement the club saying, “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.”

This means that Manchester city has qualified for next season’s Uefa Champions League.

Read Manchester City’s club statement in the link below

https://amp.mancity.com/news/club/club-statement-uefa-cas-verdict-63730222#click=https://t.co/RlR33Vy2bI

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