The Court of Arbitration for Sport has lifted the two-year European ban and reduced the fine issued to Manchester City over FFP rules breach.
In February, Manchester City were banned from participating in Champions League or Europa League on top of being handed a €30 million fine as UEFA found them guilty of breaching Financial Fair Play (FFP) regulations.
Man City responded by denying the allegations and then initiated an appeal to the Court of Arbitration for Sport (CAS) against their punishment by UEFA.
The verdict to their appeal has come out on Monday with the Sky Blues managing to succesfully defend their case.
CAS has lifted the two-year European ban on Man City and even reduced the fine imposed on them to €10 million.
The CAS statement read: “Manchester City FC did not disguise equity funding as sponsorship contributions but did fail to cooperate with the UEFA authorities.
“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.”
The importance of the verdict cannot be overstated for Pep Guardiola and his future plans for the club, as many of his players were rumored to be seeking an exit from Etihad in the fear of losing out on Champions League football.