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.
Jul 29, 2014, 12:37 AM EDT
Sounders’ tendency to collapse resurfaces during the Galaxy’s biggest win of the season.
Jul 28, 2014, 11:07 PM EDT
A terrible move could get worse if Chelsea can’t move the Spanish striker.
Jul 28, 2014, 10:13 PM EDT
Belgian international intends to stay at White Hart Lane, with a new, five-year deal on the table.
Jul 28, 2014, 9:17 PM EDT
Napoli, Borussia Dortmund linked to the potential United castoffs.
Jul 28, 2014, 8:22 PM EDT
Colombian international expected to play Saturday against Valencia.
Jul 28, 2014, 7:37 PM EDT
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Jul 28, 2014, 6:48 PM EDT
Brazilian’s injury testing United’s depth on the right side.
Jul 28, 2014, 5:54 PM EDT
U.S. international’s knee surgery will sideline him for “several weeks.”
Jul 28, 2014, 4:57 PM EDT
Two Saints look to follow their former manager to North London.
Jul 28, 2014, 4:03 PM EDT
Timber’s game-winning goal in Montréal separated him from a tight field.
Jul 28, 2014, 3:20 PM EDT
After two on-pitch selfie’s occur with players over the weekend, security needs to be stepped up.
Jul 28, 2014, 2:50 PM EDT
Could Neymar represent Brazil at the 2016 Olympics in Rio?
Jul 28, 2014, 2:20 PM EDT
Besic, 21, has signed a five-year deal with the Toffees.
Jul 28, 2014, 1:43 PM EDT
Bale smashes in an absolute beauty from distance. Check it out, here.
Jul 28, 2014, 12:58 PM EDT
After selling over $170 million of talent so far this summer, what are Saints playing at?
Jul 28, 2014, 11:52 AM EDT
Boyd out after injury in Queens Park Rangers friendly.
Jul 28, 2014, 11:25 AM EDT
He may be one of the best soccer players the planet has ever seen, but Messi is not above the law.
Jul 28, 2014, 10:51 AM EDT
Arsenal splash the cash to sign 19-year-old Southampton academy graduate.
Jul 28, 2014, 10:25 AM EDT
Did Remy fail a medical at Liverpool? ‘Arry isn’t buying it.
Jul 28, 2014, 9:20 AM EDT
Clegg, Downing Street, discuss Russia hosting the 2018 World Cup.
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