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 22, 2014, 11:34 PM EDT
Business up front. Defense in the rear.
Jul 22, 2014, 11:17 PM EDT
L.A. Galaxy Insider report also speculates that Javier “Chicharito” Hernandez could take a Designated Player spot in Major League Soccer if he leaves Old Trafford.
Jul 22, 2014, 10:45 PM EDT
“It’s obviously a shame he’s not here, but Liverpool is a club that’s bigger as any individual,” Rodgers said from Fenway Park.
Jul 22, 2014, 10:03 PM EDT
Inter Milan and Queens Park Rangers have swooped in for two of the Bluebirds’ best players, and Vincent Tan probably isn’t too happy.
Jul 22, 2014, 8:42 PM EDT
Shaw speaks to PST: “Manchester United are the biggest club in the world. I didn’t think twice when they wanted to sign me.”
Jul 22, 2014, 8:39 PM EDT
When a guy many consider a footballing genius gives the United States coach praise, that’s a pretty cool feather in Klinsmann’s cap.
Jul 22, 2014, 7:40 PM EDT
Premier Leaguers in the U.S. on Tuesday = A day of open training sessions, autographs, football helmets and golf clubs.
Jul 22, 2014, 6:43 PM EDT
The 19-year-old is a promising prospect, but is dealing with negative headlines after being subject to abuse on Tuesday in Croatia.
Jul 22, 2014, 6:24 PM EDT
Fraser Forster will be sticking at Celtic, for now, after Southampton reportedly lowballed the Scottish powers.
Jul 22, 2014, 5:30 PM EDT
Hand on shoulder, hair-coiffed, warm smile… next! Becks makes the rounds on the United’s U.S. tour.
Jul 22, 2014, 5:00 PM EDT
There have been reports of where the 32-year-old American left sider will not be going, but little as to where he will.
Jul 22, 2014, 3:56 PM EDT
For every “stars… they’re just like us” moment a player gives you, there are moments like this, which will not happen to 99.9999% of us at work in our lives
Jul 22, 2014, 2:22 PM EDT
Xavi set to remain at Barcelona until January, at least.
Jul 22, 2014, 2:04 PM EDT
Yeah. This is actually happened… as Stoke pull off a major coup.
Jul 22, 2014, 1:34 PM EDT
Guardiola: “He trains well, he’s a good guy and my first idea is that he’s going to stay for the rest of the season.”
Jul 22, 2014, 12:56 PM EDT
Will Lovren become the third Saints player to join Liverpool this summer? If the price is right, it sure looks that way.
Jul 22, 2014, 11:51 AM EDT
Where will Rodriguez line up next season for Real? Here’s an in-depth look at the options.
Jul 22, 2014, 10:56 AM EDT
Second time around, Dunga will lead Brazil’s new era.
Jul 22, 2014, 10:05 AM EDT
What do you get for $107 million in today’s world? A red-hot 23-year-old Colombian striker, that’s what.
Jul 22, 2014, 9:25 AM EDT
Klopp says Hummels is not for sale… not at the price reported anyway.
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