City have won their appeal to the Court of Arbitration for Sport (CAS) over alleged financial fair play violations and are free to play in the Champions League next season.
City were originally banned from European competitions for two seasons but won their appeal to CAS.
“From a personal point of view, I’m happy that City can play Champions League next year because if I think about the league, if City has 10-12 games less, I don’t think anybody has a chance,” Klopp told a news conference.
“But I don’t think yesterday was a good day for football. FFP is a good idea. It is there for protecting teams and the competition so nobody overspends.”