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.
New England Revolution, 90 minutes from MLS Cup, must simply avoid second-leg disaster vs. Red Bulls
Nov 27, 2014, 11:15 PM EST
It’s been a long time since the New England Revolution lost by mulitple goals, which the New York Red Bulls must achieve to reach MLS Cup 2014.
Nov 27, 2014, 9:26 PM EST
The big Europa League sides have begun to advance to the knockout round, with a few more very close to joining them.
Nov 27, 2014, 4:09 PM EST
Toffees seal spot in Europa League knockout rounds after terrific away day display.
Nov 27, 2014, 3:17 PM EST
Three FIFA ExCo members and German legend latest to be under the spotlight.
Nov 27, 2014, 2:05 PM EST
Brazilian legend hospitalized for second time this month.
Nov 27, 2014, 1:15 PM EST
Whelan charged by FA over accusations of anti-Semitic, racist remarks.
Nov 27, 2014, 12:00 PM EST
Spanish giants drop Christian symbol as they link up with Abu Dhabi based bank.
Nov 27, 2014, 10:55 AM EST
Can Spurs and Everton make a top four charge? Will Saints stun Man City?
Nov 27, 2014, 10:00 AM EST
Watch the incident unfold, as Brazilian striker is behind bars.
Nov 27, 2014, 9:13 AM EST
Wilshere has surgery on left ankle, as young midfielder set for another lengthy spell on the sidelines.
Nov 27, 2014, 8:51 AM EST
Bradley opens up about his first season at Stabaek, his future in Europe and much more.
Nov 27, 2014, 7:28 AM EST
Klinsmann’s men drop further in FIFA’s latest rankings.
Nov 26, 2014, 11:15 PM EST
Is the FA getting too involved in non-events?
Nov 26, 2014, 10:30 PM EST
Wenger was in good spirits following his side’s victory that put an end to his two-match losing skid.
Nov 26, 2014, 9:50 PM EST
Yes, Barkley dove and yes, (news flash) Martinez is overly protective of his players.
Nov 26, 2014, 9:10 PM EST
Thigh injury sidelines Moses for 8 weeks.
Nov 26, 2014, 8:32 PM EST
“I feel that right now I am playing some of the best football of my career,” Fabregas said.
Nov 26, 2014, 7:38 PM EST
“It goes without saying, I’d love to come,” Heskey told BBC Radio Leicester.
Nov 26, 2014, 6:44 PM EST
Poor Franck. All fired up and not even on the 23-man shortlist.
Nov 26, 2014, 6:00 PM EST
Can Liverpool build off this draw in Sofia? Their manager Brendan Rodgers has cause for optimism.
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