Football

Man City Escapes Champions League Ban

bloomberg: The credibility of UEFA’s financial fair play rules has been questioned after Europe’s top soccer regulatory body lost in its attempt to ban Manchester City for two years from the Champions League.

Soccer governing body UEFA had barred the English Premier League team from Europe’s most prestigious competition for two seasons and fined it 30 million euros ($34 million) for overstating sponsorship revenue between 2012 and 2016.

In an almost complete reversal, the Independent Court of Arbitration for Sport in Switzerland said Monday that Manchester City did not hide equity funding as sponsorship contributions, although it failed to cooperate with UEFA authorities. The fine was also reduced to 10 million euros.

The ruling is a setback for UEFA and its efforts to prevent teams from spending without limits in order to win trophies.

“It’s obviously a blow to UEFA,” said John Shea, senior associate at law firm Lewis Silkin. “I would expect UEFA to implement some changes in light of the decision in order to strengthen the regulations and ensure that clubs won’t have this route of appeal in the future.”

At stake was a potential 100 million euros a season in revenue, the ability to hang onto top players who want to compete at the highest level and pride in one of the world’s most famous soccer clubs. No team from any of the big five leagues in Europe has ever been banned from the Champions League for breaching its financial fair play rules.

Since being acquired by Abu Dhabi in 2008, Manchester City has grown to become the world’s sixth-biggest soccer club with annual revenue of more than 600 million pounds, according to Deloitte’s Money League. Last year it won the Premier League, the world’s richest soccer competition. Silver Lake owns around 10% of Manchester City, valuing it at about 5 billion pounds.

Under the financial fair play rules introduced in 2011, teams have to balance their spending within revenues and are prevented from accumulating debt. Rivals say that breaches of the regulations allow the offending teams to spend more on top players, distorting competition.

“We have to reassess whether the CAS is the appropriate body to which to appeal institutional decisions in football,” said Javier Tebas, president of La Liga. “Switzerland is a country with a great history of arbitration, the CAS is not up to standard.”

The CAS decision has implications for this season’s race to qualify for next season’s Champions League tournament. Chelsea, Leicester City, Manchester United, and Wolverhampton Wanderers are all competing to join Liverpool, but now only two of them will qualify, instead of three had City been banned.

The threat of being banned from the Champions League for overspending has been widely acknowledged as having helped to improve the profitability of Europe’s soccer clubs. In 2011, according to UEFA, the region’s 900 or so teams in top divisions went from a combined 1.7 billion euro-loss in 2011, to a 140-million-euro profit in 2018, according to UEFA.

Source: Published by bloomberg

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EMEKA NWANKWOALA
EMEKA NWANKWOALA
22 days ago

Thank God.

Thompson Timothy
Thompson Timothy
22 days ago

Wow nice one

Edidiong Udofa
Edidiong Udofa
22 days ago

this is Good news

ossai kingsley Collins
ossai kingsley Collins
22 days ago

good news for Manchester City

Osazuwa
Osazuwa
22 days ago

Lucky man city!

Osazuwa
Osazuwa
22 days ago

Congrats man city

Osazuwa
Osazuwa
22 days ago

What a turn around!

Ibeanusi chinonso Samuel
Ibeanusi chinonso Samuel
22 days ago

Wow grt to hear
The team will be very grtful

Babatunde Imole
Babatunde Imole
22 days ago

Good to hear

Ayomide Adanlawo
Ayomide Adanlawo
22 days ago

Hmmmm……. This decision is only encouraging corruption for football in Europe. But anyway congrats to Man City

Ezema paul
Ezema paul
22 days ago

Excellent

Ikechukwu Emmanuel
Ikechukwu Emmanuel
22 days ago

Wow good news

Chiemela chidiebube faith
Chiemela chidiebube faith
22 days ago

Good news to all city fans

Ehigie Peter
Ehigie Peter
22 days ago

this is good news 💪💪💪

Obasi victor uma
Obasi victor uma
22 days ago

A good turn around

Lakubbe Eli Hamma
Lakubbe Eli Hamma
22 days ago

Good news

Samuel aniedi
Samuel aniedi
22 days ago

Good news

Victory Omunakwe
Victory Omunakwe
22 days ago

Thank God

Afolabi Michael Temitope
Afolabi Michael Temitope
22 days ago

Hallelujah ooo

Okomor Allen
Okomor Allen
22 days ago

This is not good decision from uefa

Yunana Ishaya
Yunana Ishaya
22 days ago

Wonderful

Uka, Adaeze Imaga
Uka, Adaeze Imaga
22 days ago

This is good news

Okafor stella
Okafor stella
22 days ago

Interesting ,good one

Ubochioma Joshua Izuchukwu
Ubochioma Joshua Izuchukwu
22 days ago

Great

Ayodele Joshua Oluwaseyi
Ayodele Joshua Oluwaseyi
22 days ago

Good news for Manchester City

Ayodele Joshua Oluwaseyi
Ayodele Joshua Oluwaseyi
22 days ago

Nice update for Manchester City

Ikechimark ludger
Ikechimark ludger
22 days ago

Good

Chukwuma Daniel
Chukwuma Daniel
22 days ago

Nice one

Adubi oluwafemi samuel
Adubi oluwafemi samuel
22 days ago

Thank God bravo man city

reuben amicable
reuben amicable
22 days ago

αm hαppч fσr mαn cítч

Tersoo Jeremiah Iortsor
Tersoo Jeremiah Iortsor
22 days ago

Good news

Amiwero Davidson
Amiwero Davidson
22 days ago

Congratulations

Isaac Sunday
Isaac Sunday
22 days ago

Great

Amarachi
Amarachi
22 days ago

Good news

Ogunleye Oladele Samuel
Ogunleye Oladele Samuel
22 days ago

Narrow escape

Owojuyigbe Folakemi
Owojuyigbe Folakemi
22 days ago

Congratulations Manchester city

Agim Uchenna Vincent
Agim Uchenna Vincent
22 days ago

Good for man city

Attach Oliver Ifeanyi
Attach Oliver Ifeanyi
22 days ago

congratulations to Manchester city. This is indeed a great news

NwakasiIkenna
NwakasiIkenna
22 days ago

This is cheating in football

Aderibigbe Latifat Adeyinka
Aderibigbe Latifat Adeyinka
22 days ago

Congrats manU

Faith Osaghae
Faith Osaghae
22 days ago

Good news

Edoja Jessica
Edoja Jessica
22 days ago

Good one

Ogunleye Gideon Ayomide
Ogunleye Gideon Ayomide
22 days ago

Thank God

Juliet Success
Juliet Success
22 days ago

Man city is very lucky
Thank God

Adewumi sherif akanji
Adewumi sherif akanji
22 days ago

Nice update

EZINWA Sonia JOHN
EZINWA Sonia JOHN
22 days ago

It’s ok

Dimude chinonso johnbosco
Dimude chinonso johnbosco
22 days ago

Thank God

Okpala Izunna Emmanuel
Okpala Izunna Emmanuel
22 days ago

Congrats to man city

Olalere Oluwasegun
Olalere Oluwasegun
22 days ago

Congrats to mancity

Okpala Izunna Emmanuel
Okpala Izunna Emmanuel
22 days ago

They deserve to be in Champions league