The Court of Arbitration for Sport (CAS) has lifted a two-season ban from European competitions imposed by UEFA on Manchester City.
This therefore means that Manchester City will be free to play Champions League football next season
The court equally reduced an initial fine of 30 million Euros to 10 million Euros, based on the appeal.
City were accused of deliberately inflating the value of income from sponsors with links to the Abu Dhabi United Group, to avoid falling foul of financial fair play (FFP) regulations between 2012 and 2016.
The case against City was reopened when German magazine Der Spiegel published a series of leaked emails in 2018.
However, CAS found that most of the alleged breaches reported by the Adjudicatory Chamber of the CFCB (UEFA Club Financial Control Body) were either not established or time-barred.
City welcomed the decision that will have huge ramifications on the club’s finances and potentially the future of manager Pep Guardiola and some stars in the club.
Meanwhile Manchester City said the ruling was a validation of the club’s position and the body of evidence that it was able to present.