The club swiftly signalled its intention to appeal amid speculation that the punishment could cost it some of its biggest names as well as manager Pep Guardiola, and the Switzerland-based Court of Arbitration for Sport delivered its verdict at 9.30am BST.
City's ban was overturned in its entirety, while the fine was reduced by two thirds to £9.87m.
With CAS' decision looming, follow all the latest news on our LIVE rolling news blog!
- City's Champions League ban overturned
- CAS statement in full
- City statement in full
- Uefa statement in full
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