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UEFA has today lifted the ban imposed on Manchester City in the month of February.
On 14th February, UEFA’s Club Financial Control Body (CFCB) accused the club for serious breaches of the Financial Fairplay Regulations by overstating its sponsorship deals between 2012 and 2016.
Moreover, the body claimed City did not cooperate in investigations on the matter as the body required them to. Consequently, it ruled the club out of UEFA competitions for two seasons imposing a further fine of €30 (£26.9m).
Manchester City reiterated by lodging its appeal to the Court of Arbitration for Sports (CAS) saying they had not gotten a fair hearing. CAS set 12th of June as the tentative date for the hearing of City’s defence towards the case. The arbitration body set the 13th of July for the final verdict by the overall body.
On Monday July 13th, Court of Arbitration for Sports (CAS) deliberated and concluded the decision that it issued on 14th February by Adjudicatory Chamber of the Club Financial Control Body (CFCB) should be set aside and replaced by the new ruling.
“Manchester City Football Club has contravened Article 56 of the Club Licencing ad Financial Fair Play Regulations.” Moreover, ” The Club shall pay a fine of €10m to UEFA, within 30 days as from the date of the issuance of the arbitral award.”
CAS emphasized that most of the alleged breaches reported by the Adjudicatory Chamber of CFCB were not established or time-barred and that City’s failure to cooperate in investigations alone was not enough to impose the ban on participation in UEFA competitions for two seasons.