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.
Jul 31, 2014, 12:23 AM EDT
Thierry Henry’s second half equalizer takes earns a point at Rio Tinto.
Jul 30, 2014, 10:43 PM EDT
The Revs’ eight-game losing streak ends thanks to another strong night from Lee Nguyen.
Jul 30, 2014, 9:20 PM EDT
The Red fall nine points back of second place United in the Eastern Conference.
Jul 30, 2014, 8:27 PM EDT
24-year-old defender loaned out for the seventh time.
Ugly scenes in Northern Ireland as Mexican U-19 player attempts to kick opponent’s head during Milk Cup brawl
Jul 30, 2014, 7:29 PM EDT
Game is eventually cut short after a yet unnamed player aimed at the head of a fallen opponent.
Jul 30, 2014, 6:46 PM EDT
Atlético’s interest could develop into Chicharito’s best option.
Jul 30, 2014, 5:58 PM EDT
Nick De Santis will stay with the Impact, albeit in an administrative role.
Jul 30, 2014, 5:11 PM EDT
Everton’s leading scorer returns to Goodison on a permanent basis.
Jul 30, 2014, 4:01 PM EDT
With immediate effect, U.S.’s women’s league will pause mid-half if when it’s too hot.
Jul 30, 2014, 3:12 PM EDT
Liverpool roll into town and people freak out! Watch this incredible reaction to Stevie G signing autographs.
Jul 30, 2014, 2:46 PM EDT
Reports from Texas state Jurgen Klinsmann’s side are playing Colombia in September.
Jul 30, 2014, 2:10 PM EDT
Union grab Algerian goalkeeper Mbolhi, throw MacMath’s future in doubt.
Jul 30, 2014, 1:42 PM EDT
One of the most influential men in world soccer passed away on Wednesday at the age of 82.
Jul 30, 2014, 1:07 PM EDT
After success at the 2014 World Cup, vanishing spray is coming to the PL.
Jul 30, 2014, 12:45 PM EDT
Shaw: “I didn’t come into United thinking it’s going to be much harder and that’s something I made a mistake on.”
Jul 30, 2014, 12:03 PM EDT
Ronaldo flexing the abs as he is set to appear in the largest-ever Men’s Health front cover campaign.
Jul 30, 2014, 11:18 AM EDT
United make it three wins from three on their U.S. tour. Watch the highlights from Van Gaal’s men in action.
Jul 30, 2014, 10:45 AM EDT
Will United splash the cash to sign Vidal in central midfield?
Jul 30, 2014, 10:05 AM EDT
Lukaku set to sign for Everton from Chelsea.
Jul 30, 2014, 9:11 AM EDT
United to splash the cash? Lukaku on his way out of Chelsea? All the latest gossip, right here.
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- Steven Gerrard endured “worst three months” of his life after Liverpool, England heartbreak 3
- Premier League on tour, Tuesday roundup: United beat Inter in penalties 1