Manchester City's Two-Year Ban Overturned, Fine Reduced

Manchester City will be participating at the Champions League next season after the two-year ban from European football games served the club by UEFA have been overturned by the Court of Arbitration for Sport. 

Citizens were found guilty of flaunting the financial fair play regulations between 2012 and 2016 following the allegations leveled against it. The Premier League club denied the claimed and alleged UEFA of being "prejudicial" towards it over the sentence issued. 

"It was not appropriate to impose a ban on participating in UEFA's club competition for MCFC's failure to co-operate with the CFCB's investigation alone," said CAS in a statement released. 

Besides the overturn of the two-year ban, the body also eased the fine issued to MCFC, reducing it by 2/3 from an initial €30million to €10million (£8.96m) on the ground that CFCB's allegations are already time-barred.

"However, considering...MCFC's disregard of such principle and its obstruction of the investigations. the CAS Panel found that a significant fine should be imposed on MCFC," CAS added. "And considered it appropriate to reduce UEFA's initial fine by 2/3, i.e to the amount of EUR 10 million."