MANCHESTER CITY FC DOES NOT DISGUISE ASSET FINANCING, AS SPONSORSHIP CONTRIBUTIONS, BUT DOES NOT COOPERATE WITH UEFA AUTHORITIES
CAS DECISION: EXCLUSION FROM PARTICIPATION IN HIGH UEFA CLUB COMPETITIONS; GOOD MAINTENANCE, BUT REDUCED TO 10 MILLION EUROS
After the hearing, the CAS Panel decided and concluded that the decision handed down on February 14, 2020 by the CFCB Adjudicatory Chamber should be annulled and replaced by the following: a.) MCFC violated article 56 of the Financial Licensing and Clubs Fair Game regulations. b.) The MCFC will pay a EUR 10,000,000 fine to UEFA, within 30 days of the date on which the arbitration award was issued.
The CAS award emphasized that most of the alleged violations reported by the CFCB Adjudicatory Chamber have not been established or have a time limit. Since the allegations of any dishonest concealment of capital funds were violations clearly more significant than obstructing the CFCB’s investigations, it was not appropriate to prohibit participation in UEFA club competitions for MCFC’s failure to cooperate only with the CFCB investigations.
However, considering: i) MCFC’s financial resources; ii) the importance of the cooperation of the clubs in the investigations conducted by the CFCB, due to its limited means of investigation; and iii) MCFC’s disregard for this principle and obstruction of investigations, the CAS Panel concluded that a significant fine should be imposed on the MCFC and considered it appropriate to reduce UEFA’s initial fine by 2/3, that is, by 10 million euros.