The football world has been reacting to the news that Manchester City will be allowed to compete in next season’s Champions League after their two-year UEFA ban was overturned.

The following a three-day hearing in June into what had been described as the “serious breaches” of Uefa's financial regulations that City were found guilty of in February.

However, CAS announced that the club were cleared of “disguising equity funds” and their original €30million fine was reduced to €10million.

Many believe the decision spells the end for UEFA’s ‘Financial Fair Play’ system, brought in to restrict clubs from using investment from wealthy benefactors to spend beyond their means generated from income over set timescales.

BBC sports editor Dan Roan said it was the “Biggest result of the season for Manchester City” and the decision “Leaves the credibility of UEFA’s financial fair play rules in doubt.”

Roan’s BBC colleague Simon Stone said: “Clearly a massive win for Manchester City. Justified Pep's confidence before and after Brighton game. For UEFA and FFP concept an equally huge setback.”

BBC Match of the Day and BT Sport anchor Gary Lineker remarked: “Hard to see how UEFA’s FFP rules can survive this. In fact, can UEFA survive the ramifications?”

The Daily Telegraph’s Jeremy Wilson revealed that Arsene Wenger had foreseen this kind of thing way back in 2015, recalling that the former Arsenal manager had said: “FFP was finished once he saw how clubs with far more money than sports governing bodies were ready to go down the legal route.”

Kristof Terreur, the London-based European football correspondent for Belgian outlet HLN, proclaimed: “It's the end of FFP as we know it.”

The impact of the verdict on Liverpool, who have captured the Premier League crown from City, champions of the previous two seasons, was also noted.

Guardian reporter Rob Davies declared: “I've said it before and I'll say it again. If you think Manchester City are 150% as commercially attractive as Liverpool, you're either mad or the autocratic ruler of an oil-rich emirate.”

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LFC fan site Empire of the Kop said: “The death of FFP. We've been playing by the rules for ten years under FSG, and for what?! Complete farce. May as well just scrap it now.”

Henry Winter, Chief Football Writer of The Times, took an even-handed approach, musing: “FFP RIP? Not according to Uefa: ‘Over the last few years, FFP has played a significant role in protecting clubs and helping them become financially sustainable and Uefa and ECA remain committed to its principles.’ Yet CAS, and Uefa handling of the Manchester City case, have badly wounded FFP.”

However, Stuart Brennan, chief Manchester City writer of the Manchester Evening News, dismissed such suggestions and said: “Some ridiculous statements that this means the end of FFP. Of course it doesn't, no more than someone being cleared of a criminal offence means the end of that particular law. FFP and Uefa's application just needs re-assessing so it does what it was initially meant to do.”