Reigning champions City are also involved in a separate independent hearing into the club's alleged breaches of Premier League financial regulations which began in September, with a verdict expected some time before the end of the current season.
CAS ruled that City did not breach financial fair play rules by disguising equity funding as sponsorship, but imposed a 10 million euro fine for failing to cooperate with UEFA.
'In many ways, cricket is growing and, on the surface, seems financially strong. However, we are increasingly seeing a game which focuses on a powerful few, as opposed to a democratic and inclusive approach for the benefit of the whole sport.'
Abramovich handed Chelsea director control of firm on day of Ukraine invasion - filings
Shaken by Justice RM Lodha committee's recommended reforms of its governance structure, the Board of Control for Cricket in India has decided to call a Special General Meeting (SGM) within the next two weeks to discuss the implications of the report.
The Supreme Court-appointed Lodha Committee on Monday recommended sweeping reforms for the controversy-ridden Board of Control for Cricket in India, suggesting a bar on ministers from occupying positions, putting a cap on the age and tenure of the office-bearers and legalising betting.
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