The Court of Arbitration for Sport (Cas) has explained why it overturned Manchester City’s two-year ban from European competition. The reigning Premier League champions, who have also been fined £24.9m, intend to appeal against the sanctions to the Court of Arbitration for Sport (CAS). b) MCFC shall pay a fine of EUR 10,000,000 to the UEFA, within 30 days as from the date of issuance of the arbitral award.”. Now, they can spend gleefully as a part of their comeback plan, with regards to dismantling Liverpool. On Monday, the Court of Arbitration for Sport (CAS) overturned Manchester City’s two-year UEFA Champions League ban on appeal and also reduced their fine to 10 million euros. June 6 - City asked the Court of Arbitration for Sport to throw out the FFP case brought against them by UEFA. Uefa gives clubs competing in the tournament €2billion each year. And City, which is currently second in the Premier League, may be able to delay a ban for next season if its appeal is not resolved before the 2020-21 Champions League begins this fall. It allows our most engaged readers to debate the big issues, share their own experiences, discuss real-world solutions, and more. Also listed by Uefa as serving in the Investigatory Chamber are a selection of sports law and regulatory law experts and other legal academics from six further Uefa nations. City said in a statement: "Manchester City welcomes the opening of a formal UEFA investigation as an opportunity to bring to an end the speculation resulting from the illegal hacking and out of context publication of City emails. You can find our Community Guidelines in full here. explained why it overturned Manchester City’s two-year ban from European competition Manchester City: What led to European ban and what happens next? Jose Narciso da Cunha Rodrigues, a Portuguese judge, is the chairman and will look at the case with at least three of its four members - vice-chairmen Christiaan Timmermans, of the Netherlands, Switzerland's Louis Peila, English QC Charles Flint and Adam Giersz, Poland's former sports minister. Tottenham, Manchester United, Everton and Wolves are the main contenders just behind Chris Wilder's side. City have been drawn against 13-time European champions Real Madrid in the last-16 of this season's competition. City are due to face Real Madrid in the final 16 of this season's Champions League, with the first leg to be played on 26 February at the Bernabeu. Nov 15 - City failed in their bid to get UEFA investigation kicked out. The complexity of the case appears to have already delayed a ruling. March 8 - The Premier League confirmed it was investigating City over alleged FFP breaches. Manchester City, the reigning Premier League champions, have been banned from taking part in European competitions due to "serious breaches" of UEFA's financial regulations. City announced they would appeal to the Court of Arbitration for Sport. Clubs are expected to operate within their means and meet break-even targets, while dealings have to be transparent. Manchester City have been banned from UEFA club competitions for the next two seasons after being found to have committed "serious breaches" of financial regulations. The club could win and have everything overturned. City’s financial resources were taken into consideration by Cas, as well as “the importance of the cooperation of clubs in investigations conducted by the CFCB [Uefa’s adjudicatory body], because of its limited investigative means”.

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