Manchester City will play in next seasons UEFA Champions League after the Court of Arbitration for Sports overturned the two year ban placed on the club by UEFA.
The Court of Arbitration for Sport (Cas) announced the club were cleared of “disguising equity funds” on Monday.
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.
Manchester City appealed to the Court of Arbitration for Sport after Uefa’s Club Financial Control Body (CFCB) issued a two-year ban from European club competitions in February.
The CFCB ruled the club had committed “serious breaches” of Uefa’s Financial Fair Play (FFP) regulations between 2012 and 2016. They were also fined 30m euros (£25m).
City immediately signalled their intention to appeal to Cas. They believe the CFCB was not independent and ended up being distrustful of it, partly due to the amount of secretive information the club felt was leaked to the media.
They are adamant that what they consider an independent judiciary will clear them.
Pep Guardiola’s men booked their spot at next seasons competition with a 5-0 win over Brighton in the Premier League on Saturday.