May 16, 2014, 3:33 PM EDT
Fresh off Manchester City’s triumphant Premier League season, they will be hard pressed to repeat thanks to the new Financial Fair Play rules.
Along with Paris Saint-Germain, Zenit St. Petersburg, Galatasaray, Anzhi Makhachkala, Rubin Kazan, Trabzonspor, Bursaspor, and PFC Levski Sofia, City has been found to have breached FFP regulations and will be accordingly punished.
According to the documented release by UEFA, Manchester City has agreed to:
- Pay a fine of $82.19 million
- Cap its Champions League roster at 21 players (down from 25), 8 of which must be “homegrown”
- Cap its wages at their current level outside of performance bonuses
- A break-even financial deficit for the next two fiscal years
- Have its expenditure allowance reduced below the level of other clubs (essentially a probationary period).
The investigation found that Manchester City’s net losses of $207 million was bankrolled entirely by Sheikh Mansour bin Zayed Al Nahyan of Abu Dhabi, the club’s owner. The bankroll was covered up in sponsorships but they were too closely tied to Sheikh Mansour for UEFA’s liking.
Manchester City has released a statement claiming they have “engaged with UEFA in its introduction of the Financial Fair Play Regulations in good faith and without prejudice and in a transparent and collaborative manner.”
Essentially, they disagree with the findings of the FFP investigation, citing the facts that they’ve been “operating with no debt” and “realizing its football and commercial opportunities whilst continuing unprecedented investments in both youth development and the local community.”
However, they admit that while they would like to challenge the findings, they have decided not to for “practical realities.” That’s because they can’t – the ruling has no appeal.
Therefore, the club confirms that the eventual punishments laid down were a “compromise agreement.” Most clubs were given the opportunity to settle with UEFA.
City claims that they already used a 21-player roster this past season for the Champions League, however the team’s official UEFA roster lists 24 players as part of their “A” list.
The punishments given to Manchester City were exactly the same as those handed down to Paris Saint-Germain, who responded with a club statement of their own. You can view all UEFA documents pertaining to these sanctions here.
Interestingly enough, heavy spenders Monaco were not included in the FFP sanctions and appear to be safe.
Sep 20, 2014, 7:27 AM EDT
Can QPR bounce back from last weeks drubbing and beat the Potters? Watch live, right here.
Sep 20, 2014, 7:00 AM EDT
How and where to watch every single PL game live online or via the app.
Sep 20, 2014, 12:25 AM EDT
Real Salt Lake demolished the Colorado Rapids, 5-1, at Rio Tinto Stadium in Sandy, Utah.
Sep 19, 2014, 11:55 PM EDT
Five consecutive goals have Real Salt Lake ahead of the Colorado Rapids tonight, 5-1.
Sep 19, 2014, 10:52 PM EDT
Preview of West Ham v. Liverpool match on NBC at 12:30 p.m. ET this Saturday.
Sep 19, 2014, 9:55 PM EDT
Watch Real Salt Lake encounter the Colorado Rapids live on NBCSN or NBC Sports Live Extra at 10:00 p.m. ET tonight.
Sep 19, 2014, 9:00 PM EDT
Preview of Aston Villa vs. Arsenal match on NBCSN at 10:00 a.m. ET this Saturday.
Sep 19, 2014, 8:21 PM EDT
Manchester City boss Manuel Pellegrini and Chelsea manager Jose Mourinho hold different rationales about midfielder Frank Lampard’s Stamford Bridge exit this year.
Sep 19, 2014, 7:17 PM EDT
UEFA president Michel Platini doesn’t wish to give into FIFA’s pressure to return a watch gifted to him at the World Cup.
Sep 19, 2014, 6:31 PM EDT
Seattle Sounders FC have signed Nigerian defender Onyekachi Apam.
Sep 19, 2014, 5:58 PM EDT
Financial figures for Arsenal released by club today.
Sep 19, 2014, 4:40 PM EDT
Coritiba striker Joel brought out a one-of-a-kind goal celebration vs. Sao Paolo.
Sep 19, 2014, 3:35 PM EDT
Javier “Chicharito” Hernandez has sung the praises of former Manchester United boss Sir Alex Ferguson, who the forward believed was instrumental in getting himself exposure in Europe.
Sep 19, 2014, 3:06 PM EDT
Gareth Bale could one day return to Tottenham, but his waxing poetic on White Hart Lane is likely nothing more than political fare.
Sep 19, 2014, 2:24 PM EDT
Of course it’s possible that Louis van Gaal could bring Ronaldo to Manchester United, but he doesn’t believe his current team is interested.
Sep 19, 2014, 1:46 PM EDT
How many times in his life has Ronaldinho performed this task with flair (or at least adequately)?
Sep 19, 2014, 12:55 PM EDT
Tim Howard’s stint as No. 1 USMNT backstop may be on hiatus, but the battle of who’s the top American goalkeeper in the Premier League is on
Sep 19, 2014, 12:05 PM EDT
An even rivalry heads to Loftus Road to start its season series on Saturday, kicking off the Premier League weekend.
Sep 19, 2014, 12:00 PM EDT
Where and how to watch every PL game during Week 5, right here.
Sep 19, 2014, 11:20 AM EDT
A Washington Post report asks why Hope Solo is being celebrated for her on-field efforts while awaiting the results of her not guilty plea to domestic abuse charges.
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