Manchester City will offer boss Pep Guardiola a lucrative new long-term deal after overturning their Champions League ban.
City won their appeal against their two year UEFA ban for breaking Financial Fair Play (FFP) rules, after the Court of Arbitration for Sport (CAS) ruled in their favour.
The ruling means City are free to carry on playing in the Champions League and has removed the threat of a mass exodus of players due to their potential European exile.
Manchester City will offer boss Pep Guardiola a lucrative new long-term deal after the club's Champions League ban was overturned, according to reports, as Guardiola is set to be handed approximately £150m to bolster his City squad. @ManCity #PremierLeague #ManCity #Football pic.twitter.com/XUfPdLd2gM
— Alkass Digital (@alkassdigital) July 14, 2020
City bosses will also use the decision to persuade Guardiola – who is already in the final year of his £20million-a-year contract – to sign a new long-term deal.
City had been accused of falsely inflating the value of sponsorship deals to comply with FFP, a charge the club had always denied.
The allegation they inflated the value of sponsorship deals – effectively ‘self-sponsorship’ – to meet FFP rules was dismissed by CAS, allowing for the overturning of the ban.
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But the CAS verdict did not completely exonerate City, who broke Article 56 of UEFA’s regulations, which compels all clubs to cooperate fully with investigations.
City were found to have disregarded that obligation and obstructed the process, but their subsequent £8.9m fine is money down the side of the sofa for a club of their financial might.