On February 14 2020, City were banned from the Champions League for two seasons and fined €30 million by UEFA over serious breach of UEFA’s Club Licensing and Financial Fair Play regulations. The consequences of this was seen deep as Pep Guardiola was yet to sign an extension to his contract which ends in 2021 and top players like Kevin de Bruyne opened that they might be forced to leave if City weren’t in the Champions League.
The decision would also see City staring at a revenue loss well in excess of 100 million euros and star players walking out since they would not compete in the European top flight for 2 years. Yesterday, a verdict was delivered by a panel of arbitrators in charge of the matter comprising Rui Botica Santos (Portugal), president, Ulrich Haas (Germany) and Andrew McDougall QC (France), the CAS said: “… the decision issued on 14 February 2020 by the Adjudicatory Chamber of the CFCB should be set aside and replaced by the following:
a) MCFC has contravened Article 56 of the Club Licensing and Financial Fair Play Regulations.
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.
Do you think Manchester City have escaped punishment for the most serious charge against them by using their Financial muscle at a huge cost to UEFA?