[REUTERS/Denis Balibouse]After UEFA’s attempt to ban Manchester City from European football was overturned by sport’s highest court on Monday, the continental governing body’s Financial Fair Play (FFP) system, under which they were charged, faces likely changes. UEFA accused City of “serious breaches” of its FFP rules in information submitted to the governing body between 2012 and 2016 and banned the club from European competition for two years. But CAS ruled that those allegations were either “unproven” or “time barred”, as UEFA’s own rules placed a five-year statute of limitations on prosecutions. SEE ALSO: Man City to learn outcome of CAS appeal over European ban on MondaySome of the cases may also have been covered under a “settlement agreement” UEFA and City entered into after a previous probe ended in 2014. The ruling did not, however, make a judgment on the FFP system itself.

Source: Standard Digital July 13, 2020 12:39 UTC