Manchester City have been cleared to play in the Champions League after the Court of Arbitration for Sport overturned their two-year ban.
On a day that will have far-reaching consequences for European football, governing body Uefa suffered a historic defeat which could irreparably damage their Financial Fair Play regulations.
City were initially handed a two-year ban from European competition and €30m (£24.9m) fine in February after being found guilty of "serious breaches" of club licensing and Financial Fair Play regulations.
Uefa's club financial control body ruled that City had broken the rules by "overstating its sponsorship revenue in its accounts and in the break-even information submitted to UEFA between 2012 and 2016" and failing to co-operate with its subsequent investigation.
City denied any wrongdoing, dismissing Uefa's investigation as "flawed" and "prejudicial", and immediately announced their intention to appeal to CAS. Their appeal hearing was heard over three days last month.