BREAKING: Manchester City Overturn two-year Champions League ban

By Tunde Olorungbotemi

Manchester City's two-season European ban has been lifted by the Court of Arbitration for Sport.

UEFA's club financial control body (CFCB) sanctioned City in February for what it said was a breach of its Financial Fair Play (FFP) and club licensing regulations.

The CFCB said City had overstated sponsorship revenue in their accounts and in the break-even information submitted to UEFA between 2012 and 2016, and for failing to co-operate with its investigation.

City immediately signalled their intention to appeal, and CAS has now cleared them to compete in the Champions League next season and reduced a €30million fine to €10million.

CAS found that City had not disguised equity funding as sponsorship, but did say they had failed to co-operate with the CFCB's investigation.

City's appeal against the two-year ban was heard last month, and the outcome will be seen by the club as a vindication of their position since the beginning.

CAS also that most of the alleged breaches were either not established or were time-barred. The body decided that it was "not appropriate" to maintain the European competition ban, as the allegations of disguising owner funding as sponsorship, which were not proven, were more serious than the allegation about a lack of co-operation.

City were found to have breached Article 56 of UEFA's club licensing and FFP regulations, which state that a licensee (club) must "co-operate with the licensor (UEFA) and the UEFA Club Financial Control Body in respect of their requests and enquiries".

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