May 6, 2014, 10:27 PM EDT
Time is running out for teams clubs in violation of UEFA’s Financial Fair Play (FFP) to accept their settlement offers – the suggested punishment the organization’s Club Financial Control Body (CFCB) has made to each of the nine offenders. Without that agreement, the teams’ cases go to a panel of judges (Adjudicatory Chamber), where a group of financial experts can impose more severe punishments.
Paris Saint-Germain, along with seven other clubs outside Europe’s big four leagues (England, Germany, Italy, Spain) appear ready to accept their punishments, but whereas teams from smaller league face sanction in proportion to their relatively minor offenses, PSG and City will serve as examples for the rest of Europe. According to reports, the clubs’ punishments include an $83.6 million fine (payable over three years), a Champions League roster reduction from 25 to 21 players, and a salary cap tying the roster’s wages to their current levels.
For Manchester City, a club that contends it is in compliance with FFP, the punishment’s too much. According to tonight’s reporting from The Guardian, the club is “furious” at being lumped in with the Parisians.
There is a feeling in Abu Dhabi and the Etihad that Manchester City have been unfairly targeted but sources close to the Uefa process insist the size of the punishment fits the crime. Under the rules … clubs are allowed losses of €45m over the 2011-12 and 2012-13 seasons.
Although Manchester City lost £153m over the two seasons in question, club insiders have repeatedly insisted that the ability to write off the value of contracts signed before 2010 when the rules were unveiled, as well as write down investments in youth development and infrastructure, allowed them to narrowly comply.
UEFA obviously disagrees, with the some of the club’s overvalued partner deals appearantly failing to pass CFCB scrutiny:
Uefa’s accountants are believed to have concluded that Manchester City’s £350m 10-year deal with Abu Dhabi’s national airline Etihad and a series of licensing deals have been significantly overvalued.
In light of such agreements, UEFA is ready to hand down its punishment, one that’s complicated by Champions League’s homegrown player rule. The competition sets aside eight spots on each roster for “home grown” players. If City’s limit is reduced to 21, only 13 players brought in from outside the club could be registered.
The Guardian goes into much more detail, including a paragraph on how New York City FC and City’s A-League team have become involved. We’ll get to that in our next post. For now, City is at least considering challenging the sanction. If the Adjudicatory Chamber doesn’t provide recourse, the club could take this to the Court of Arbitration for Sport.
Oct 21, 2014, 11:10 PM EDT
“On behalf of the club, I would like to apologise to the QPR supporters for the embarrassment this has caused,” Fernandes wrote.
Oct 21, 2014, 10:15 PM EDT
Who scored the best goal in Tuesday’s Champions League action?
Oct 21, 2014, 9:00 PM EDT
Oct 21, 2014, 8:15 PM EDT
One hopes Agudelo’s story will resonate with Jurgen Klinsmann.
Oct 21, 2014, 7:15 PM EDT
“It might be something I regret down the line for not challenging myself,” said Gerrard.
Oct 21, 2014, 5:50 PM EDT
The players will shell out over $90,000 to cover the cost of the traveling fans.
Oct 21, 2014, 5:10 PM EDT
40 goals were scored in eight games on Tuesday, as Groups E-H exploded into life.
Oct 21, 2014, 5:01 PM EDT
A sensational ending to a sensational performance by Hazard and Chelsea as a whole.
Oct 21, 2014, 4:35 PM EDT
When Bayern Munich are firing on all cylinders, they are scary, scary sight.
Oct 21, 2014, 3:49 PM EDT
Unlucky for Maribor. Comfortable for Chelsea.
Oct 21, 2014, 3:42 PM EDT
Groups E-H are in action on Wednesday in Europe as eight games take place, and there are some gaudy score lines after just 45 minutes.
Oct 21, 2014, 3:36 PM EDT
It’s an absolute shellacking going into half-time with Bayern giving a masterclass display in Roma.
Oct 21, 2014, 3:00 PM EDT
It’s the right move for Philly, especially given the man management shown by Curtin.
Oct 21, 2014, 2:48 PM EDT
Pellegrini defiant despite City blowing a 2-0 lead in Moscow.
Oct 21, 2014, 2:07 PM EDT
Missing Koscielny is a far bigger blow than having to start a 22-year-old, though.
Oct 21, 2014, 2:01 PM EDT
City chuck away 2-0 lead in Russian capital, as UCL hopes hang in the balance.
Oct 21, 2014, 1:21 PM EDT
We’re going to have to have a talk about the presupposed power of the superior West at some point soon.
Oct 21, 2014, 12:58 PM EDT
City storming towards their first UCL win of the season in snowy Moscow.
Oct 21, 2014, 11:40 AM EDT
Is it enough to tip the scales for Liverpool, or will one of Real’s bevy of offensive stars step in to help stop the Reds’ European hopes?
Oct 21, 2014, 10:47 AM EDT
A final week La Liga match in 2011 has been under investigation for a while, and now former Real Zaragoza player Herrera is under scrutiny.
- Tuesday’s Top 5 Champions League Goals: Which was the best? 0
- A Klinsmann Casualty? Juan Agudelo passed on by Wolverhampton 3
- Steven Gerrard admits he denied move to Real Madrid and that it may haunt him in the future 1
- UEFA Champions League roundup: Bayern, Chelsea, Shakhtar go crazy on 40-goal night 0
- Chelsea 6-0 Maribor: Hazard brace keeps Blues atop Group G 0
- AS Roma 1-7 Bayern Munich: Sublime Bayern smash Roma to go five points clear in Group E 1