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Just In: Man City Free to Participate in Champions League, Says CAS

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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.”

(AFP)

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Tinubu Mourns Ex-envoy Patrick Dele Cole

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President Bola Tinubu has expressed sadness over the death of Ambassador Patrick Dele Cole, describing him as a distinguished diplomat, journalist, politician and public servant.

Cole died at 86.

In a statement on Saturday, Tinubu said Cole devoted his life to national service and brought distinction to his work in diplomacy, journalism and politics.

“His career reflected the enduring value of dialogue, tact, mutual respect and the pursuit of shared interests in advancing national development and international cooperation,” the President said.

Tinubu noted Cole’s contributions to Nigeria’s media landscape, particularly as Managing Director of the Daily Times, where he upheld the role of the press in holding public officials accountable, speaking truth to power and strengthening democratic governance.

“His legacy in journalism and public life remains an enduring part of our national story,” he said.

The President said at 86, Cole witnessed defining moments in Nigeria’s history and contributed to national development, adding that his life stands as a testament to experience, principled engagement and commitment to public good.

Tinubu extended condolences to Cole’s family, friends, professional associates and all whose lives he touched, praying that memories of his remarkable life will bring comfort and strength.

“May Almighty God grant Ambassador Cole eternal rest and give his family and all who mourn him the fortitude to bear this profound loss,” he said.

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$2.4bn Subsidy Fraud: Why My Mum Was Kidnapped in 2012 – Ngozi Okonjo-Iweala Recalls

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Director-General of the World Trade Organisation (WTO), Mrs. Ngozi Okonjo-Iweala, has said that her probe of an alleged $2.4bn subsidy fraud led to the abduction of her mother.

It would be recalled that the former Finance Minister’s mother, Kamene Okonjo, was kidnapped from her home in Ogwashi-Uku, Delta State, in December 2012.

In a recent interview with Bloomberg, Okonjo-Iweala said the abductors demanded that she resign as minister of finance and leave the country.

The WTO director-general served as Nigeria’s finance minister between 2011 and 2015 under former President Goodluck Jonathan.

She said the subsidy investigation began after her office noticed a sharp increase in claims submitted by petrol importers.

“So I went to the president and said, look, something is going on here. Could we audit the accounts? And he said, yes, go ahead. And we found about $2.4 billion worth of fraud. So, we refused to pay,” she recounted.

She said her mother was abducted shortly after the decision was announced, adding that her captors demanded her resignation as a condition for her release.

“I was told (by the kidnappers) that for her to be released, I should resign and leave the country,” she said.

The former minister described the incident as one of the most traumatic experiences of her life, saying her mother was held in a forest before escaping.

“She was held in the middle of a forest, and one night she escaped. She’s still alive. She’s 96 now,” Okonjo-Iweala said.

“It was a terrible, terrible five-day ordeal. I think the worst in my life.”

“I never dreamt my parents could ever be touched in this way, that people would be that evil,” she added.

Okonjo-Iweala said she considered resigning before her mother regained her freedom, but her father warned her against giving in to the abductors’ demands.

“He said, ‘We don’t give in to blackmail’. And he said, ‘You’ve got to carry on. You’ve got to go to work’,” she recalled.

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2027: Tinubu Excuses Self from APC Campaign Tours

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President Bola Tinubu has told members of the All Progressives Congress (APC) Presidential Campaign Council not to expect him to accompany them to every campaign event ahead of the 2027 general election, saying he must remain focused on governance and the country’s economic responsibilities.

Tinubu spoke on Wednesday during the inauguration of the APC Presidential Campaign Council in Abuja, where he urged members to take the party’s message to Nigerians across the states and local government areas while he continues to attend to matters of governance.

The president said he agreed with concerns that the demands of the campaign should not distract him from running the country, adding that Nigeria needs his attention at the moment.

“You’ve warned me not to allow the rigour of the campaign to distract me from governance, I hear you. I am in full agreement with your decision. Nigeria needs more attention now,” Tinubu said.

He told council members to excuse him from accompanying them to every campaign event, noting that his administration has bills to pay and international financial obligations to meet.

“So, you will excuse me from going everywhere with you, we have bills to pay. The American creditors cannot wait,” the President said.

Tinubu also said the government needs to attract investors who would commit to long-term investments in Nigeria and contribute to the future of the country’s children.

“We want those investors to come in, be here to stay, to invest for the future of our children,” he said.

The president, however, assured Nigerians that he would continue to engage them directly even as the campaign council took charge of mobilisation across the country.

“However, I will still make time to speak directly with Nigerians, even as you lead the campaign in the states and local government areas,” he said.

Tinubu described the inauguration of the council as more than a campaign activity, saying it represents a renewed commitment to Nigerians and the responsibilities of the ruling party.

“We have not gathered merely to inaugurate a council. We have gathered to renew a covenant. A covenant with Nigerian people and the historic responsibility they have entrusted to us as Nigeria’s governing party,” he said.

He added that the council is expected to communicate the administration’s vision, achievements and agenda to voters nationwide.

“This council will carry our vision, our records and our agenda to every Nigerian, and it will carry them to victory every ward of this country,” Tinubu said.

The president also commended APC members for completing the party’s congresses, recalling that some had predicted internal crises during the process.

He said the party has overcome the challenges and emerged united, crediting members for participating in the process from the ward level to the national leadership.

“They said there will be implosion. We passed through it. We did not fail. You didn’t let us down. We got here together,” he said.

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