Manchester City will be able to play in next season’s Champions League after their two-year ban from UEFA competitions was lifted by the Court of Arbitration for Sport (CAS).
The club will still have to pay a fine, which has been reduced from €30 million (£25m/$33m) to €10m (£9m/$11m).
City were initially punished by UEFA in February when they were banned from competing in the Champions League or Europa League for two years and given a €30m fine for breaching Financial Fair Play rules.
In its initial statement confirming City’s punishment, UEFA said that it found the Premier League club guilty of
“overstating its sponsorship revenue in its accounts and in the break-even information submitted to UEFA between 2012 and 2016.”
A statement from the CAS said City did not overstate their sponsorship contributions but did fail to cooperate with UEFA authorities.
“Manchester City FC did not disguise equity funding as sponsorship contributions but did fail to cooperate with the UEFA authorities,”
Read the heading to the CAS statement.
“The CAS award emphasized that most of the alleged breaches reported by the Adjudicatory Chamber of the CFCB were either not established or time-barred,”
Added CAS, which will publish its full written reasons over the coming days.