Premier League ‘ARE still investigating Man City finances’ despite CAS ruling
Manchester City may have got off their European ban after a successful appeal against their UEFA sanctions, but the Premier League ‘are still investigating their finances’.
It was revealed on Monday morning that the Court of Arbitration for Sport had ruled against UEFA and upheld Manchester City’s appeal against their Champions League ban, meaning Pep Guardiola’s side are free to compete in the competition next term.
The CAS panel ruled that most of the allegations against City were ‘either not established or time-barred’, meaning they were outside the five-year window that permit UEFA from prosecuting.
But now the i report that the Premier League do not have the same time restrictions on their investigations and they are still looking into City’s finances.
City’s initial punishment from UEFA – a two-year European ban and a £27million fine – came after they ruled the club had reported misleading financial information between 2012 and 2016.
That has since been reduced to no ban and a £10m fine by CAS, but City will feel it is a huge victory going into next season.
Guardiola will now have a significantly higher budget to buy players, while the lure of the Champions League is now there again for those arriving at the Etihad.
There may still be some fears behind the scenes over what the Premier League will decide as their investigation continues.
The English top flight declined to comment on its own investigation when approached on Monday.
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