FeaturesBreaking: UEFA Lifts Manchester City Ban, Clears Team For 2020/2021 Champions League...

Breaking: UEFA Lifts Manchester City Ban, Clears Team For 2020/2021 Champions League Tournament

spot_img

By Akinwale Kasali

Access Bank Advert

This is good news for Manchester City. Its players and Coaches have been unbanned by the Union of European Football Association, UEFA. The Union  had placed a two -year ban  on the team over alleged infraction of Financial Fair Play Regulations.

Manchester City has, now, successfully had their two-year ban from all UEFA competitions overturned by the Court of Arbitration for Sport, CAS.

UBA

The Club was facing a two seasons away from the UEFA Champions League and UEFA Europa League when they were found guilty of  breaching UEFA’s club licensing and financial fair play regulations.

The former Barclays English Premier League Champions right from the very outset, had vigorously denied any wrong doing, and their appeal against the punishment was heard over three days by the Court of Arbitration for Sport last month.

READ ALSO:  Uzodimma: Commissioner DJ Wysei Making Imo Proud

After listening to the evidence, CAS  overturned the suspension, meaning City are free to compete in next season’s Champions League without any fuss.

A statement released by UEFA said: “UEFA takes note of the decision taken by the Court of Arbitration for Sport to reduce the sanction imposed on Manchester City FC by UEFA’s independent Club Financial Control Body for alleged breaches of the UEFA Club Licensing and Financial Fair Play regulations.

“UEFA notes that the CAS panel found that there was insufficient conclusive evidence to uphold all of the CFCB’s conclusions in this specific case and that many of the alleged breaches were time-barred due to the 5 year time period foreseen in the UEFA regulations.

READ ALSO:  Ekiti Chief Judge, Adeyeye, Dies After Office Wall Collapsed On Him

“Over the last few years, Financial Fair Play has played a significant role in protecting clubs and helping them become financially sustainable and UEFA and ECA remain committed to its principles.

“UEFA will be making no further comments on the matter.”


Discover more from The Source

Subscribe to get the latest posts sent to your email.

Share your story or advertise with us: WhatsApp: +2348174884527, Email: [email protected]

Your Comment Here

More articles

Discover more from The Source

Subscribe now to keep reading and get access to the full archive.

Continue reading