The Union of European Football Associations, UEFA, has reacted to Manchester City’s victory at the Court of Arbitration for Sports, uplifting the two years ban imposed on the club for breaching financial fair play regulations.
Uefa’s Club Financial Control Body (CFCB) issued the ban in February after ruling City had committed “serious breaches” of Financial Fair Play (FFP) regulations between 2012 and 2016.
City’s original fine of 30m euros (£26.9m) has been reduced to 10m euros.
The European football governing body in a statement on the body’s official website says UEFA will not make further comments on the matter.
“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.”
According to Sky Sports, despite Manchester City’s European ban has been overturned by CAS, the club remains under investigation by the Premier League.
The league opened their investigation in March 2019 – just one day after UEFA revealed they were looking into the claims that City had breached their financial fair play rules.
The Premier League are looking into those same allegations, as well as claims over City’s recruitment of academy players and third-party ownership.
Sports lawyer Daniel Geey speaking to Sky Sports News says the ruling is a ‘big victory for Manchester City.
“There is grounds now for UEFA to go to the Swiss Federal Tribunal. It does happen on occasion in sports cases, but the grounds to be able to appeal those decisions are pretty narrow, usually based on procedural fairness, jurisdiction or public policy grounds. For the time being at least, it’s a very big victory for Manchester City.”
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