The champions of the Premier League are seeking to overturn UEFA’s decision to ban the club from European competition for the next two seasons and to fine them € 30 million (£27m/$34 m) after finding them guilty of Financial Fair Play.
The city’s hearing at CAS began on Monday and ended on Wednesday afternoon, with a video call for the proceedings. The arbitration panel will now commence deliberations before a decision is confirmed.
CAS said in a statement: “The decision is expected to be issued in the first half of July 2020. The exact date will be communicated ahead of time.”
The city was punished in February after they were found to have committed “serious breaches” of UEFA ‘s regulations on club licensing and financial fair play (FFP).
The independent adjudicatory chamber of UEFA ‘s Club Financial Control Body (CFCB) also fined City EUR 30 million after finding that the sponsorship receipts in the accounts submitted to the governing body of European football between 2012 and 2016 were overestimated.
The city has consistently denied wrongdoing concerning the matter stemming from a series of articles published in November 2018 by Der Spiegel, based on information supposedly obtained from the whistleblower Football Leaks.
“The club has always expected the absolute need to seek out an independent body and mechanism to accept impartially the extensive collection of irrefutable facts in support of its stance,” read a statement from City at the time, which UEFA said had failed to comply with the investigation.
President Pep Guardiola is out of contract in June 2021, although the former manager of Barcelona and Bayern Munich has affirmed his commitment despite the sanctions levied by UEFA.
Star midfielder Kevin De Bruyne indicated in an interview with HLN that he would be happy to remain at City if a one-year ban is shortened, while a two-year absence from the Champions League might cause him to weigh his options