Liverpool boss Juergen Klopp described as "not a good day for football" Manchester City's successful appeal against a two-year Union of European Football Associations ban for allegedly breaking Financial Fair Play rules.
City won their appeal at the Court of Arbitration for Sport Monday, meaning they will now be allowed to compete in next season's Champions League.
CAS ruled that City did not breach FFP rules by disguising equity funding as sponsorship.
Klopp did say, however, that City's place in the Champions League next season might at least benefit Liverpool as they try to retain their Premier League title.
Liverpool face Arsenal Wednesday knowing defeat would end their chance of equalling City's record 100-point haul in the Premier League set two years ago.
With three games remaining they have 93 points with City a distant second on 72.
