Manchester City's Champions League ban has been overturned, the Court of Arbitration for Sport has announced. City were punished by UEFA in February for breaking financial fair play rules. City were said to have breached club licensing and financial fair play regulations.

It was claimed City had 'overstated its sponsorship revenue in its accounts and in the break-even information submitted to Uefa between 2012 and 2016'.

Last season's Premier League champions denied any wrongdoing and the case was heard by the CAS last month.

And the CAS have now confirmed the decision has been overturned.

City's fine has also been reduced from £25million to £8million in a huge win for the club.

Pep Guardiola's side are now free to play in the Champions League next season.

CAS released a statement on Monday morning, which read: “As the charges with respect to any dishonest concealment of equity funding were clearly more significant violations than obstructing the CFCB’s investigations, 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.”