Manchester City have won their appeal against a two-year Champions League ban at the Court of Arbitration for Sport (CAS).
City had appealed against their two-year ban to CAS, handed down to them in February by UEFA for alleged breaches of club licensing and financial fair play regulations.
The former Premier League champions has always denied any wrongdoing and were confident they would be exonerated once the verdict was announced at 9.30am on Monday.
City had their appeal heard last month and manager Pep Guardiola insisted he has not lost any sleep over the decision, which could have cost City around £170m in lost revenue – based on TV and prize money, plus gate receipts, although the latter is in doubt anyway due to the coronavirus pandemic – if their appeal was rejected.
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As well as their two-year ban, City were also hit with a fine of almost £27m but the fear of a mass…
Source: Complete Sports