Manchester City have successfully overturned their two-year ban from European club competitions.
The Court of Arbitration for Sport (Cas) announced the club were cleared of “disguising equity funds” on Monday. Uefa’s Club Financial Control Body (CFCB) issued the ban in February after ruling City had committed “serious breaches” of Financial Fair Play (FFP) regulations between 2012 and 2016.
City’s original fine of 30m euros (£26.9m) has been reduced to 10m euros.
City said the decision was “validation of the club’s position and the body of evidence that it was able to present”. “The club wishes to thank the panel members for their diligence and the due process that they administered,” City added.
Cas’ ruling means City, who are guaranteed to finish second in the Premier League this season, will play in the 2020-21 Champions League.