Manchester City have finally secured a place in the Champions League next season, after the victory of their appeal to the Court of Arbitration for Sport (CAS) over alleged financial fair play (FFP) violations, it was announced on Monday.
Naija News Understands that City took their case to CAS on June 8 after they were initially handed a two-year ban from UEFA competition and a €30m fine issued to them by the Adjudicatory Chamber of the Independent Club Financial Control Body (CFCB).
However, the new ruling means that fifth place in the Premier League will no longer qualify for the Champions League. Manchester United occupy fifth in the table as it stands.
An initial fine of €30 million was also reduced to €10m following Monday’s verdict.
City have issued a statement welcoming “the implications” of the ruling.
The statement read: “Whilst Manchester City and its legal advisors are yet to review the full ruling by the Court of Arbitration for Sport (CAS), the club welcomes the implications of today’s ruling as a validation of the club’s position and the body of evidence that it was able to present.
“The club wishes to thank the panel members for their diligence and the due process that they administered.”
Here is the clubs full statement below via their twitter handle
CLUB STATEMENT https://t.co/RlR33Vy2bI
— Manchester City (@ManCity) July 13, 2020