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 4, 2015, 11:23 PM EDT
On a day where Laura Bassett showed great resolve, England won over many neutrals.
Jul 4, 2015, 10:30 PM EDT
The U.S. hasn’t given up a goal in 513 minutes at this World Cup, heading into the final against Japan.
Jul 4, 2015, 10:00 PM EDT
Kei Kamara -> Ethan Finlay (x2) was all Crew SC needed to jump three places in the Eastern Conference.
Jul 4, 2015, 9:20 PM EDT
Eduaro Vargas and Paolo Guerrero beat all the big names to the 2015 Copa America top scorer’s award.
Jul 4, 2015, 8:00 PM EDT
The solidarity between Japan teammates — and between the two teams contesting the final — is remarkable.
Jul 4, 2015, 7:04 PM EDT
It took 99 years, but Chile are finally champions of South America after defeating Argentina in a penalty shootout.
Jul 4, 2015, 6:28 PM EDT
Steven Gerrard is winning points with LA Galaxy supporters before ever stepping on the field for his new club.
Jul 4, 2015, 6:07 PM EDT
Regulars in the latter stages of the Champions League, Bayern Munich and Atletico Madrid continue their summer spending sprees.
Jul 4, 2015, 3:30 PM EDT
We go once more at the 2015 Copa America. This time it’s Argentina vs. Chile for all the marbles.
Jul 4, 2015, 3:09 PM EDT
Carli Lloyd has taken rightfully taken over the spotlight, but Morgan Brian’s supporting role is no less important.
Jul 4, 2015, 1:18 PM EDT
Croatia’s most successful club has seen police throw its president and manager in prison.
Jul 4, 2015, 12:07 PM EDT
Popularity of women’s soccer has improved greatly the past few years, but there’s still much work to be done, and the US international isn’t happy with FIFAs parading of accomplishments.
Jul 4, 2015, 10:50 AM EDT
With the Dutchman set to turn 32 before the start of the league season, Manchester United may look to cash in on his star power after a down year.
Jul 4, 2015, 10:22 AM EDT
The German international didn’t get a first-team guarantee from Arsene Wenger, so he moved on.
Jul 4, 2015, 9:47 AM EDT
Stoke had an offer accepted by Inter, but two more clubs are reportedly in the mix for the Swiss international.
Jul 4, 2015, 8:31 AM EDT
Argentina looks to end a 22-year continental trophy drought against the hosts who have never won the Copa America.
Jul 4, 2015, 7:56 AM EDT
Your transfer activity on this July 4 morning.
Jul 4, 2015, 1:15 AM EDT
Tyrone Mears scored an absolute beauty late in the match to down a ten-man D.C. United.
Jul 4, 2015, 12:59 AM EDT
The English defender is still getting over the heartbreak of an own goal.
- Krieger credits Ellis, communication for United States’ defensive success 2
- Chile 0-0 (4-1 PKs) Argentina: Chile’s first Copa America title in 99-year history (video) 2
- Lloyd, Brian prove crucial to United States’ turnaround at Women’s World Cup 2
- Report: Robin van Persie agrees to personal terms with Fenerbahce 4
- Copa America Final preview: Argentina looks for first title since 1993 against hosts Chile 0
- Transfer Rumor Roundup: KPB to Orlando City, Liverpool in for Brazilian teen 4