The Court of Arbitration for Sport (CAS) has overturned Manchester City’s ban from European competitions.
The Premier League side has been banned for two years by UEFA for allegedly breaking Financial Fair Play (FFP) rules.
In February, Europe’s football governing body said Man City committed serious breaches of FFP regulations between 2012 and 2016.
UEFA also fined the club 30m euros over the incident, which the City hierarchy duly filed an appeal.
In its verdict earlier today, CAS cleared the English side cleared of “disguising equity funds as sponsorship contributions”.
Having overturned the two-year ban from European competitions, CAS also reduced the club’s fine to 10m euros.
This, the court said, was because Man City failed “to cooperate with Uefa authorities” during investigations.
The ruling means that Pep Guardiola’s side will feature in next season’s Champions League, with second place in the Premier League guaranteed.
Reacting to CAS’ ruling, the club said it was “validation of the club’s position and the body of evidence that it was able to present”.
“The club wishes to thank the panel members for their diligence and the due process that they administered.”