It is difficult to discuss City's appeal because we don't really know what the club has been found "guilty" of but it seems more than likely to have been inflating the value of sponsorship deal and/or disguising owner investment as sponsorship income. I would welcome what enlightenment our ever reliable expert, Prestwich_Blue can give on this. The point seems clear, however, that UEFA is acting as a governing/regulatory body acting in the interestes of ... "the game" to ensure fair competition and the financial stability of ... well, who exactly. This appears to me to be an area where UEFA is obviously extremely vulnerable indeed. I think CAS must consider evidence in the area of sponsorship very seriously but I'm sure the ECJ certainly would. UEFA cannot claim, and must not be allowed to claim, that they are acting as a governing body in the area of sponsorship. Yesterday we heard the opinion of a learned counsel that the process followed was a complete denial of due process and this is a serious contribution but he also argued that there is no precedent for UEFA judging "fair market value". But UEFA is not a competent body to judge or pass sentence in such matters since it is not acting as a governing body but as a commercial competitor. UEFA's CL has a long list of sponsors and it does not allow any club to use any other sponsor on CL occasions. UEFA has negotiated these deals wit commercial enterprises and has put itself in a very advantageous position to negotiate them. A commercial rival may not then pass judgement on the value of another enterprise's sponsorship. Is UEFA sponsored by Etihad?!! Do any airlines sponsor UEFA?!! Either way UEFA is a commercial rival not a governing body.