Manchester City will be free to play Champions League football next season after the Court of Arbitration for Sport lifted a two-season ban from European competitions imposed by UEFA on Monday
An initial fine of 30 million euros ($34 million, £27 million) was also reduced to 10 million euros on appeal.
City were accused of deliberately inflating the value of income from sponsors with links to the Abu Dhabi United Group, also owned by City owner Sheikh Mansour, to avoid falling foul of financial fair play 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 star players such as Kevin De Bruyne and Raheem Sterling.
“Whilst Manchester City and its legal advisors are yet to review the full ruling by the Court of Arbitration for Sport, the club welcomes the implications of today’s ruling as a validation of the club’s position and the body of evidence that it was able to present,” City said in a statement.
“The club wishes to thank the panel members for their diligence and the due process that they administered.”
Since Sheikh Mansour’s takeover 12 years ago, City’s fortunes have been transformed from perennially living in the shadow of local rivals Manchester United to winning four Premier League titles in the past eight years among 11 major trophies.
On Saturday, they secured qualification for the Champions League for a 10th consecutive season with a 5-0 win at Brighton.
More silverware could come before the end of the season as Guardiola’s side face Arsenal in the FA Cup semi-finals on Saturday before restarting their Champions League campaign in August, holding a 2-1 lead over Real Madrid from the first leg of their last 16 tie.
City’s victory in court will raise fresh questions over how effectively UEFA can police FFP.
But European football’s governing body said it remained committed to the system which limits clubs to not losing more than 30 million euros, with exceptions for some costs such as youth development and women’s teams, over a three-year period.
“UEFA notes that the CAS panel found that there was insufficient conclusive evidence to uphold all of the CFCB’s conclusions in this specific case and that many of the alleged breaches were time-barred due to the five-year time period foreseen in the UEFA regulations,” UEFA said in a statement.
“Over the last few years, Financial Fair Play has played a significant role in protecting clubs and helping them become financially sustainable and UEFA and ECA remain committed to its principles.”
Uduaghan Dumps APC, Returns to PDP
Electoral College Appoints Rate Your Leader Founder, Joel Popoola As Member, Board of Directors
By Eric Elezuo
The Electoral College, Nigeria, has appointed the Founder, Rate Your Leader, Mr Joel Popoola, into its board of trustees as director to oversee International Mobilisation.
Popoola’s appointment was contained in two letters addressed to the technology entrepreneur and digital democracy campaigner as well as the board members of the college and signed by its Executive Director, Mr Kunle Lawal.
The Electoral College observed that the democracy campaigner, who has made headlines in recent times with reference to his technological innovations and writeups has been a great ally of the college while expressing utmost happiness and pride to have him on the board of the College.
“We are sure the board would be proud with the impact he can bring,” Kunle Lawal noted.
While expressing the best wishes of the College, and acknowledging that Popoola’s appointment is with immediate effect, Mr Lawal added that the award winning techpreneur is ‘valued as an asset addition and most of all for his love for country (Nigeria).’
“I look forward to a mutually beneficial relationship between us all and the expansion of the college,” Lawal stressed.
Responding to his appointment, Popoola noted that the reward for hard work is more work, stressing that the appointment is not just a recognition of his efforts, but an opportunity to do a lot more for humanity.
“I see the appointment to the board of Nigerian Electoral College as not just a recognition of efforts, but an opportunity to do a lot more to raise the bars of the Nigeria’s electoral system and serve humanity for the good,” he said.
It would be recalled that Mr. Popoola was earlier in the month welcomed on board of the UK Tech Nation Founders’ Network as a full fledged member.
Among many other honours trailing his humble contributions to the digitalization of democratic process around the world, he is an advance member of the Institute of Directors Great Britain & Northern Ireland, and a member of the International Institute for Strategic Studies.
Also appointed is Hakeem Condotti, a well seasoned entrepreneur and African player in business and diplomacy. He would serve as Director: External Relations.
Wike Locks Horns with Amaechi in War of Words at Justice Karibi-Whyte’s Funeral
Rivers State Governor, Nyesom Wike, and his predecessor, Rotimi Amaechi, on Saturday engaged in a verbal fight at the burial of a former Justice of the Supreme Court, Adolphus Karibi-Whyte, in the Abonnema, Akuku-Toru Local Government Area of the state.
Amaechi, who is the Minister of Transportation, while speaking at the funeral service, lamented what he term the rising insecurity and political intimidation in the state, saying the state was back to the time of Ateke Tom, a former militant leader, who is now the traditional head of Okochiri town in Okrika LGA of the state.
“You have lost your voice. The sage (the late justice) has gone under and nobody is speaking. When I was governor, I gave people voices, but they have blocked those voices.
“Everyone is scared. We are going back to when Ateke held sway. We are going back to the period where we run away from our people. We are back to a period when nobody could speak. But from next year, I will begin to speak, if nobody wants to speak.
“We are all here because we need to bury a man God has blessed. I have stopped travelling because of bad weather, but I told myself I must be here because of Justice Whyte.
“If you knew Justice (Karibi-Whyte) very well, you will know I was close to him. I was one of the few people he mentored,” Amaechi stated.
Wike on his part described the late Karibi-Whyte as an epitome of unshakable integrity, civility and dignity, but noted that comments credited to Amaechi were embarrassing.
Responding to Amaechi, Wike who was represented by his Chief of Staff, Chief Emeka Woke, said the minister had lost touch with developments in the state, adding that since the launching of Operation Sting by his administration, the security situation had improved greatly.
Wike said, “It is unfortunate for Amaechi to come to Kalabari land and accuse former President Goodluck Jonathan of not developing the area six years after he had left office.
“I wonder why the former governor will choose to make such embarrassing remarks at the funeral of late Justice Karibi-Whyte, a man he (Amaechi) claimed to be his mentor.”