The Court of Arbitration for Sport (CAS) has lifted the two-year ban on Manchester City imposed by UEFA due to Financial Fair Play irregularities.
“As the charges with respect to any dishonest concealment of equity funding were clearly more significant violations than obstructing the CFCB’s investigations, it was not appropriate to impose a ban on participating in UEFA’s club competitions for MCFC’s failure to cooperate with the CFCB’s investigations alone,” read the statement from CAS.
“The CAS Panel found that a significant fine should be imposed on MCFC and considered it appropriate to reduce UEFA’s initial fine by 2/3, i.e. to the amount of EUR 10 million.”
Roma have had their share of problems with Financial Fair Play as they had to reach a settlement agreement with UEFA in 2014.
Giallorossi president James Pallotta has been very critical of UEFA’s Financial Fair Play measures throughout the years.
“Something needs to be done (about Financial Fair Play),” he once said in an interview to Sirius XM.
”When we look at some of the sanctions handed out around us and the weak penalties given out, my point of view is: why am I worrying about Financial Fair Play? Isn’t it better just to accept a €12 million fine”?
