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 23, 2014, 11:04 AM EDT
Howard: “I know what he likes to do, but that doesn’t mean I will always be capable of stopping him.”
Oct 23, 2014, 10:22 AM EDT
Atlanta Falcons owner urges Beckham to link up with Miami Dolphins to sort out MLS stadium mess.
Oct 23, 2014, 9:36 AM EDT
A gang of 100 local men reportedly ambushed Everton fans outside city center pub.
Oct 23, 2014, 9:00 AM EDT
Will Saints swoop to sign former Liverpool star?
Oct 23, 2014, 8:34 AM EDT
Liverpool’s players react to Real Madrid humbling, as growing pains continue to spiral out of control.
Oct 23, 2014, 7:54 AM EDT
After two draws in October, the USA drops six places in latest world rankings.
Oct 22, 2014, 11:04 PM EDT
How did the Galatasaray supporters pull off this Tifo before Wednesday’s match against Borussia Dortmund? How?!?
Oct 22, 2014, 10:10 PM EDT
The pair of Premier League clubs remaining in the competition face quite different tests on Thursday.
Oct 22, 2014, 9:25 PM EDT
Perhaps it isn’t the sexiest year for rookies in Major League Soccer, but there’s a quartet of names set to stick around for a while.
Oct 22, 2014, 8:30 PM EDT
“I had hope, it maybe didn’t look like it, but it happened,” Wenger said.
Oct 22, 2014, 7:23 PM EDT
“So overall, it’s a squad with a lot of experience playing at the highest level, and this will be another great benchmark for us,” Klinsmann said.
Oct 22, 2014, 6:30 PM EDT
Of course many are claiming this “is the beginning of end” for Balotelli on Merseyside. That seems a bit much.
Oct 22, 2014, 5:40 PM EDT
Here’s the bar, Week 33 of Major League Soccer: Please feel free to raise it.
Oct 22, 2014, 4:47 PM EDT
We are at the halfway point in Groups A-D, and some English clubs are concerned about their fortunes to be sure.
Oct 22, 2014, 4:41 PM EDT
It was a night to forget for the home side, as Real ruled at Anfield. Here’s what we learned.
Oct 22, 2014, 4:36 PM EDT
The 21-year-old Honduran international did what a dangerous Alexis Sanchez couldn’t, but Arsenal was rescued late.
Oct 22, 2014, 4:34 PM EDT
Ronaldo, Benzema and co. put on a clinic at Anfield, as Liverpool are taught a lesson.
Oct 22, 2014, 2:54 PM EDT
The CAF claimed Platini said something he didn’t, and it hurt his feelings.
Oct 22, 2014, 2:14 PM EDT
Here’s what it’s like at Anfield, as Liverpool host Real Madrid in the UEFA Champions League.
Oct 22, 2014, 1:58 PM EDT
With yesterday’s goal frenzy, will today give us the same excitement?
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