May 16, 2014, 3:33 PM EST
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.
Dec 21, 2014, 11:59 PM EST
Antoine Griezmann breaks out with three goals in Atletico’s 4-1 result over Athletic Bilbao.
A day of Ronaldo: Real Madrid star erects statue of himself, thinks Real can win Champions League again
Dec 21, 2014, 10:21 PM EST
Cristiano Ronaldo has made headlines twice today, for erecting a statue of himself and claiming Real Madrid could repeat in the Champions League.
Dec 21, 2014, 9:07 PM EST
The sky continues to fall in Dortmund.
Dec 21, 2014, 8:17 PM EST
Tim Howard converses about his recently released autobiography, “The Keeper.”
Dec 21, 2014, 7:40 PM EST
Jeremy Menez has done a fantastic job as AC Milan’s primary attacker, and he’s primarily aiming for the French national team call-up.
Dec 21, 2014, 6:20 PM EST
Ally McCoist has left Scottish Championship team Rangers, as the club has recognized the former star striker is now on “gardening leave.”
Dec 21, 2014, 5:30 PM EST
Catch up on Premier League Round 17 action from this Sunday.
Dec 21, 2014, 4:55 PM EST
According to Brendan Rogers, Liverpool’s prime attacker, Daniel Sturridge, will make his return from a multi-month injury in early January.
Dec 21, 2014, 4:05 PM EST
Sunderland winger Adam Johnson on game-winner and Tyne-Wear derby triumphs: “Three years in a row, they must hate me here!”
Dec 21, 2014, 3:39 PM EST
Brendan Rodgers gives his thoughts after a 2-2 draw despite what he called “dominance” on the ball.
Dec 21, 2014, 3:12 PM EST
With polarizing halves separating the teams, Arsene Wenger said a draw was the correct result based on performance.
Dec 21, 2014, 2:29 PM EST
Cristiano Ronaldo appeared to bring a grudge with him to Morocco.
Dec 21, 2014, 1:44 PM EST
With Newcastle yielding late, Alan Pardew thinks he may have left his team a little too exposed as the clock ticked towards the final minute.
Dec 21, 2014, 1:08 PM EST
Martin Skrtel returned from a nasty injury and took full advantage of the resulting stopptage time.
Dec 21, 2014, 11:58 AM EST
A day to forget for the American central defender in Germany’s top flight.
Dec 21, 2014, 10:26 AM EST
The boyhood Newcastle fan scored at St. James Park for the third year in a row as Sunderland stole the Tyne-Wear derby late.
Dec 21, 2014, 10:16 AM EST
Raheem Sterling looks to be the lone attacking option for Liverpool as Brendan Rodgers has left both his available strikers on the bench.
Dec 21, 2014, 8:52 AM EST
A magnetizing first touch leads to a meaningless but nonetheless beautiful goal by the man who gives us magic weekly.
Dec 21, 2014, 7:53 AM EST
The heated Tyne-Wear derby has brought us goals and fireworks of many kinds, and will be no different today as Sunderland looks to win four in a row over Newcastle for the first time ever.
Dec 20, 2014, 10:54 PM EST
Howard doesn’t think Lampard will start the MLS season with NYCFC, although he says he should.
- Liverpool 2-2 Arsenal: Wounded Skrtel turns away Gunners at the death (video) 1
- Arsene Wenger says Arsenal could spend big in January, if the deals are right 0
- Real Madrid outclass San Lorenzo, win 2014 Club World Cup 6
- Premier League Sunday preview: Loaded morning sees Tyne-Wear Derby and Liverpool vs. Arsenal 0
- Premier League roundup: Goals galore as Saints, Tottenham, QPR, Man City win 0
- WATCH: Match of the Day – Recap Saturday’s madness in the Premier League 0