Manchester City manager Pep Guardiola said he is 'incredibly happy' after the Court of Arbitration for Sport overturned its two-year ban from European competitions on the club.
"I'm incredibly happy for the decision, which shows what all the people said about the club was not true," the club's official website quoted Guardiola as saying.
However, the CAS has fined Manchester City around £8.9 million, reported Sky Sports.
"It was not appropriate to impose a ban on participating in UEFA’s club competitions for MCFC’s failure to cooperate with the CFCB’s investigations alone," the CAS said.
Premier League, on the other hand, has decided to continue its investigation.
UEFA punished Man City in February for "serious breaches" of rules monitoring club finances and failing to cooperate with investigators.
The allegations included that City, owned by Abu Dhabi's royal family, misled UEFA over several years to meet financial integrity rules required to enter the Champions League.
UEFA-appointed experts opened their investigation after leaked club emails and documents were published by German magazine Der Spiegel in November 2018. They were obtained by a hacker from Portugal. UEFA had previously signed off on City's submitted accounts since 2014.
That year, UEFA fined City 20 million euros ($22.6 million) of its Champions League prize money in a first wave of assessments of European clubs' finances.
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