The International court of arbitration for sport (CAS) annuls the football club Manchester City's two-year quarantine from the european tournaments in the case of financial fair play.
The English team had otherwise been excluded from all european football for two years and sentenced to a penalty of 30 million euros by union of european football associations (UEFA) to break the rules on financial fair play.
the Club appealed against the urgency of the verdict to CAS, and now they can breathe a sigh of relief in the light blue part of Manchester.
CAS believes that it is sufficiently proved that Manchester City have broken the rules and therefore have only known the club guilty of thwarting the investigation. Also noted in the judgment that some of the alleged offences has fallen for the period of limitation. Therefore penalised the club with a fine of ten million euros, instead of the two years the quarantine and those original fine of 30 million euros.
- Manchester City FC hidden not capital grants as sponsorship, but failed to cooperate with the UEFA authorities, sounds from the sportsdomstolen in the written decision.
the Case is rooted in the fact that Manchester City, according to UEFA from 2012-2016 have broken the rules by the club's owner, sheik Mansour, has pumped money directly into the club.
the Money, which otherwise, according to the official reports came from Manchester City jersey - and stadionsponsor, the airline Etihad Airways, which is controlled by the royal family of The United Arab Emirates. Here is the deputy prime minister is identical with the Manchester City owner sheik Mansour.
Documents from the so-called Football Leaks revealed, however, in UEFA's assessment that the money actually came directly from the owner and not from self-sponsorship agreements.
It is against UEFA's rules on financial fair play, that an owner on the way the finances of the club, and since it was the second time that Manchester City broke the rules, thought the UEFA, for the first time ever ought to cost two years of quarantine from the federation's tournaments to break the financial fair play rules.
The assessment is The International court of arbitration for sport (CAS), however, do not agree with, and thus can Josep Guardiola and his troops look forward to another season in the Champions League.
A decision, which, of course, a matter of great joy in the English club.
the Club see the implications of today's ruling as a validation of the club's starting point and the evidence it has presented.
the Club would like to thank the panelists for their diligence, and the fair trial, they have managed, writes Manchester City.
Manchester City has secured second place in the Premier League, which gives direct access to Europe's finest club competition.
UEFA has subsequently taken CAS' assessment note.
- the UEFA observes that the CAS panel did not find that there was sufficient conclusive evidence to sustain all the CFCB's conclusions in the case, and that many of the alleged violations had fallen for the period of limitation of five years, says in a letter from fodboldforbundet.
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