May 6, 2014, 10:27 PM EST
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.
Dec 18, 2014, 10:17 AM EST
USMNT attacker heading back to MLS.
Dec 18, 2014, 8:50 AM EST
Vegas, baby! New soccer stadium gets seal of approval from city council… all they need know is an MLS expansion franchise.
Dec 18, 2014, 8:19 AM EST
Reus has been speeding around in his Aston Martin without a license. Gets biggest motoring fine in German history.
Dec 18, 2014, 7:54 AM EST
Dig into all the latest gossip, right here.
Dec 17, 2014, 11:13 PM EST
Could Cole be returning to the Premier League?
Dec 17, 2014, 10:35 PM EST
Bad jokes make Christmas.
Dec 17, 2014, 10:10 PM EST
Dec 17, 2014, 8:40 PM EST
Real Madrid cruised past Azul 4-0 and will be the heavy favorites come Saturday.
Dec 17, 2014, 8:01 PM EST
Huge coup for the Dynamo, if they can pull it off.
Dec 17, 2014, 7:05 PM EST
Quick healer, Mr. Aguero.
Dec 17, 2014, 6:02 PM EST
China making a big, big play into soccer.
Dec 17, 2014, 5:09 PM EST
Three Premier League sides make the semi-final along with League One’s Sheffield United.
Dec 17, 2014, 4:40 PM EST
Another strong showing from Spurs.
Dec 17, 2014, 4:39 PM EST
Liverpool shook off their poor form to beat Bournemouth and qualify for the League Cup semi-final.
Dec 17, 2014, 3:42 PM EST
Three new deals handed out, all deserved.
Dec 17, 2014, 2:40 PM EST
ICYMI, Mourinho is a big fan of Monsieur Henry.
Dec 17, 2014, 1:50 PM EST
Falcao wants to stay at United. But should the Red Devils splash the cash on El Tigre?
Dec 17, 2014, 12:56 PM EST
Rog and Davo talk Manchester United’s shaming of Liverpool and Arsenal’s return to potency.
Dec 17, 2014, 12:23 PM EST
Historic day for soccer in D.C., as new soccer-specific stadium becomes a reality for United.
Dec 17, 2014, 11:06 AM EST
Garcia walks away from FIFA after his appeal against how his own work on alleged corruption in the World Cup bid process was represented.
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