Manchester City’s ban from European football overturned

first_img“Whilst Manchester City and its legal advisors are yet to review the full ruling by the Court of Arbitration for Sport (CAS), the Club welcomes the implications of today’s ruling as a validation of the Club’s position and the body of evidence that it was able to present,” City said in a statement.”The Club wishes to thank the panel members for their diligence and the due process that they administered,” the club added.UEFA said it remained committed to FFP.”UEFA notes that the CAS panel found that there was insufficient conclusive evidence to uphold all of the CFCB’s conclusions in this specific case and that many of the alleged breaches were time-barred due to the 5 year time period foreseen in the UEFA regulations.”Over the last few years, Financial Fair Play has played a significant role in protecting clubs and helping them become financially sustainable and UEFA and ECA [European Club Association] remain committed to its principles.” Manchester City’s two-year suspension from European football was overturned by the Court of Arbitration for Sport (CAS) on Monday, allowing the club to compete in next season’s Champions League.CAS ruled that City did not breach Financial Fair Play (FFP) rules by disguising equity funding as sponsorship. Sport’s highest court also reduced a fine for failing to cooperate with UEFA to 10 million euros ($11.30 million) from 30 million euros.”Most of the alleged breaches reported by the (UEFA) Adjudicatory Chamber of the CFCB (Club Financial Control Body)were either not established or time-barred,” CAS said in a statement. UEFA, European soccer’s governing body, had ruled in February that City had committed serious FFP breaches and failed to cooperate with its investigation.Missing out on the Champions League would have cost City, who have denied any wrongdoing, as much as 100 million pounds ($126.02 million) in prize money and broadcast revenue, as well as matchday and other revenues.The FFP regulations are designed to stop clubs running up big losses through spending on players. They also ensure sponsorship deals are based on their real market value and are genuine commercial agreements — and not ways for owners to pump cash into a club to get around the rules.CAS said its full legal ruling, with details of the case and the decision, would be published in the coming days.center_img Topics :last_img read more

Abandoned Brisbane estate restored to former glory

first_imgWith almost 1000sq m of living space, the Singaporean Federation-style house features soaring ceilings, two fireplaces, panelled walls and polished timber floors. It has multiple living areas and entertaining spaces including a fully-equipped theatre, a bar room and a home office with kitchenette on the lower level with a separate entry. Mr Gordon said his family had hosted many memorable events at Winbrook, including the inaugural Winbrook Invitational Tennis Tournament and his son’s 21st birthday that included 120 guests. Elegantly restored to its magnificent former glory by Mr Gordon’s interior designer partner Lisa Page, the five-bedroom five-bathroom house dates back to the early 1900s and sits on a sprawling 3383sq m block in Kalinga. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:44Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:44 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p288p288p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenHow to bid at auction for your dream home? 01:45During a summer inspection of the historical inner-city “Winbrook’ estate, the owners found it abandoned, as though a family had just suddenly gotten up and left leaving all their belongings behind.“We bought the house in January 2018 and it had been vacant for about five years before that and actually wasn’t even on the market at the time,” mining industry veteran Brad Gordon said.“When we saw the property, it was in such a state of disrepair, but we saw that it had potential and knew the history of the place.” MORE NEWS: Mayor sells waterfront property Entry to the historical property is through electronic gates and through a long landscaped circular driveway that once belonged to the adjoining heritage-listed Kedron Lodge, built in the late 1860s.“Although vacant for at least five years, it had been occupied for brief periods of time throughout. When we first walked through it, it appeared as if the family had just got up and left,” Mr Gordon said.“There were colouring-in books on tables and crayons strewn across them. Clothes and toys were simply left where they had been dropped.”Mr Gordon said none of the essential services worked so there was no running water, power or any telecommunication connections. Most of the heavy lifting in regards to the renovation was completed in 2018, but the last room, the master ensuite, was finished a few months ago.“Lisa is an accomplished interior designer and this incredible restoration is thanks to her efforts. Sure, I was behind the end of a shovel at times but it’s her vision and talents that have transformed this magnificent property,” he said. Meet Brisbane’s house detectivescenter_img Brisbane’s best suburbs to invest in Arguably the most opulent room in the house, the master bedroom, boasts a parents’ retreat, walk-in wardrobe, an ensuite with a freestanding tub and bi-folding glass doors that open to a balcony that wraps around north-facing parts of the house.A decadent entertainer’s kitchen overlooking a living/dining area has a butler’s pantry, barista café station, a fridge drawer, two dishwaters, dual ovens, European appliances and sparkling water on tap. More from newsParks and wildlife the new lust-haves post coronavirus10 hours agoNoosa’s best beachfront penthouse is about to hit the market10 hours ago He said they were kept entertained by the property’s swimming pool, spa, two lounging cabanas and a floodlit championships size tennis court with elevated spectator’s rotunda.Additional executive features include a wine cellar, gym, 12 CCTV cameras, a four-car garage, a home automation and video intercoms system and an under-house water tank with pump and garden irrigation system. “I’ve lived in acreage before and we were living in an apartment in London before moving back to Australia in 2017, an experience that we won’t repeat,” Mr Gordon said.“But life at Winbrook has been fabulous, we don’t have any neighbours, it has an acreage feel and we’re just 5km from the city and back on to Kedron Brook. It genuinely it feels like you’re living in the county.” Winbrook is being marketed by Ray White New Farm agent Christine Rudolph and will go under the hammer at 2pm tomorrow (Saturday, November 30).last_img read more