By Daily Sports on February 27, 2020

Manchester City’s appeal against their two-year European ban for breaches of financial regulations has been officially registered by the Court of Arbitration for Sport, CAS announced on Wednesday.

The Premier League club, who were also fined 30 million euros ($32.5 million) by European football’s governing body Uefa earlier this month, had immediately contested the “flawed” process and stated their intention to appeal.

CAS said in a statement on Wednesday: “The Court of Arbitration for Sport (CAS) has registered an appeal filed by Manchester City football club against the Union of European Football Associations (Uefa).

“The appeal is directed against the decision of the adjudicatory chamber of the Uefa Club Financial Control Body (CFCB) dated 14 February 2020 in which Manchester City was deemed to have contravened Uefa’s Club Licensing and Financial Fair Play Regulations.”

CAS said it was not possible to say when the matter would be resolved but it is expected to take several months.

The adjudicatory chamber said on February 14 City had broken the rules by “overstating its sponsorship revenue in its accounts and in the break-even information submitted to Uefa between 2012 and 2016.”

Pep Guardiola’s City face losing hundreds of millions of pounds in prize money, TV revenue, gate receipts and sponsorship income should their appeal fail.

Last week, City Football Group CEO Ferran Soriano said the club hoped to have their appeal heard by CAS before the start of next season’s Champions League. (SuperSport)

•PHOTO: Man City players 

Source Daily Sports

Posted February 27, 2020

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