Kiboko nayoo....
Manchester City fined €60m by Uefa for breaching FFP regulations.
Manuel Pellegrini's squad for next
season's Champions League has
been restricted to 21 players, while
the club have agreed to significantly
reduce their transfer spend
Manchester City have been fined €60
million [£49m] by Uefa and will see
their squad reduced to 21
players for next season’s Champions
League for breaching Financial Fair
Play regulations.
The club's €60m fine will be
withheld from the Champions
League revenue generated from this
season and next term, while €40m
[£32.5m] has been suspended and
will be returned to City if they
comply with the financial measures
set by Uefa.
City, who have accepted the
sanctions from Uefa, have also
agreed to "significantly limit
spending in the transfer market for
seasons 2014/2015 and 2015/2016"
and will limit their net spend in this
summer's window to €60m.
City insist the spending limit on new
players "will have no material
impact on the club’s planned
transfer activity".
Despite posting figures outside the
financial regulations, City maintain
their wage bill will remain the same
next season but claim there will be
a “natural decline” after that period.
City revealed in a statement that
they are now break even and will be
profitable next season.
Uefa confirms that if the club meet
their break-even target, the 21-man
squad restriction will be lifted for
the 2015/16 campaign.
As well as City, Paris Saint-Germain,
Zenit St Petersburg, Rubin Kazan,
Anzhi Makhachkala, Galatasaray,
Bursaspor, Trabzonspor and Levski
Sofia all failed to meet FFP
regulations and have been
sanctioned.
Manchester City fined €60m by Uefa for breaching FFP regulations.
Manuel Pellegrini's squad for next
season's Champions League has
been restricted to 21 players, while
the club have agreed to significantly
reduce their transfer spend
Manchester City have been fined €60
million [£49m] by Uefa and will see
their squad reduced to 21
players for next season’s Champions
League for breaching Financial Fair
Play regulations.
The club's €60m fine will be
withheld from the Champions
League revenue generated from this
season and next term, while €40m
[£32.5m] has been suspended and
will be returned to City if they
comply with the financial measures
set by Uefa.
City, who have accepted the
sanctions from Uefa, have also
agreed to "significantly limit
spending in the transfer market for
seasons 2014/2015 and 2015/2016"
and will limit their net spend in this
summer's window to €60m.
City insist the spending limit on new
players "will have no material
impact on the club’s planned
transfer activity".
Despite posting figures outside the
financial regulations, City maintain
their wage bill will remain the same
next season but claim there will be
a “natural decline” after that period.
City revealed in a statement that
they are now break even and will be
profitable next season.
Uefa confirms that if the club meet
their break-even target, the 21-man
squad restriction will be lifted for
the 2015/16 campaign.
As well as City, Paris Saint-Germain,
Zenit St Petersburg, Rubin Kazan,
Anzhi Makhachkala, Galatasaray,
Bursaspor, Trabzonspor and Levski
Sofia all failed to meet FFP
regulations and have been
sanctioned.
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