MOSCOW, February 26. /TASS/. The Court of Arbitration for Sport (CAS) announced on Wednesday that it registered an appeal from England’s Manchester City FC against a decision of the Union of European Football Associations to suspend the football club from UEFA club competitions for the next two seasons.
"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 Swiss-based court said in a statement on Wednesday.
The Adjudicatory Chamber of the UEFA Club Financial Control Body (CFCB) ruled on February 14 to exclude Manchester City FC from the European club tournaments for the period of next two seasons citing violations of Fair Play Regulations made by the club between the years of 2012 and 2016. The CFCB also ordered the club to pay a fine of 30 million euros ($32.7 million).
"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 and sanctioned with exclusion from the next two seasons of UEFA club competitions for which the club would qualify and ordered to pay a fine of EUR 30 million," the statement reads.
The principle of financial fair play was approved by UEFA Executive Committee in September of 2009 and came into force in 2011. Since then each club participating in UEFA competitions must prove it has no overdue liabilities to other football clubs and its players or tax arrears as well. A football club must also prove that it did not spent more than it earned.
Manchester City FC is currently second with 57 points after 27 matches played in the 2019/2020 Premier League tournament. Liverpool FC tops the standings with 79 points and Leicester City FC is third with 50 points.