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By Zaynah Atanda, CNB News

Manchester City’s two-season ban from UEFA competitions has been lifted by the court of arbitration for sport (CAS).

In February, the premier league club were accused of seriously breaching UEFA’s club licensing and financial fair play (FFP) regulations and were handed a two season suspension.

UEFA’s independent adjudicatory chamber of its club Financial Control Body (CFCB) also fined City €30 million after concluding they had overstated sponsorship revenues in accounts submitted to European football’s governing body between 2012 and 2016.

City, however, denied wrongdoing in relation to the matter, and CAS found in their favor in a verdict announced on Monday.

”Manchester City FC did not disguise equity funding as sponsorship contributions but did fail to cooperate with the UEFA authorities”, read the heading to CAS statement.

City must pay a reduced fine of €10m for their failure to assist UEFA adequately in it’s investigations.

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