Manchester City will be relieved with the news that a transfer ban will not be falling on their feet in the case of Benjamin Garre.
Velez argued that City had not abided by Federation Internationale de Football Association rules on global transfers when they signed Garre, then 16, and that the world governing body's regulations only allow players under the age of 18 to move between clubs in different countries if both are in the European Union.
Velez claim City acted unethically by approaching Garre when he was just 15, before signing him days after his 16th birthday. They reported City to Federation Internationale de Football Association as they supposedly tapped up the player when he was only 15.
But City countered that Garre, who has since appeared for the club three times in the EFL Trophy, held an Italian passport and was therefore entitled to move after his 16th birthday. Benjamin Garre (standing) in action for Man City academy team.
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A verdict on the case is likely to come this week, and while other English publications have since stated that CAS is likely to rule in favour of City, the official ruling by CAS has not been made public as yet.
That is why a court case that was heard in July previous year, with a verdict due by the end of September, has been delayed.
"Man City argued that there is an exception in the Federation Internationale de Football Association rules - But the Federation Internationale de Football Association rule does not say that, it says he can move only within the European Union, between EU clubs". A verdict due last September was delayed but now the CAS are prepared to finally deliver their verdict in the next week.
Spanish giants Barcelona, Real Madrid and Atletico Madrid have been banned for breaching rules governing the signing of worldwide players under the age of 18 in recent years. If they are found guilty however, they would have the right to appeal, which could then delay any transfer embargo. City insist they acted within the rules. To complicate matters, Velez have also taken Federation Internationale de Football Association to CAS because the governing body rejected their original complaint in September 2016.