Fri May 16, 2014 10:51 pm
Sat May 17, 2014 2:11 am
AJ1927 wrote:Came down hard on several clubs.
Friday 16th May 2014.
UEFA has fined Manchester City 60m euros (£49m) and restricted their Champions League squad to 21 for next season following the breach of Financial Fair Play rules.
The club owned by Sheikh Mansour snatched the Premier League title last weekend but will have to curb their spending in the transfer market for the next two seasons and freeze their wage structure in order to escape further punishment.
French champions Paris St Germain, who were charged with similar breaches, have been hit with the same punishment.
Should the clubs successfully fulfil the operational and financial measures agreed with the UEFA Club Financial Control Body, they will be able to reclaim 40m euros of the fine and have the squad restriction lifted in time for the 2015/2016 Champions League.
Manchester City have accepted the sanctions, which include a salary freeze on their Champions League squad for the next two seasons, and to "significantly limit spending in the transfer market for seasons 2014/2015 and 2015/2016", said UEFA.
A statement on the City website read: "Manchester City Football Club can confirm that at the end of the current financial year (May 31st) it is on course to financially break even, as planned.
"Operating with no debt, the club is realising its football and commercial opportunities whilst continuing unprecedented investments in both youth development and the local community
"From the outset, the club has 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.
"The club's position is that it is beholden upon UEFA and the European football establishment to ensure the same.
"The club can confirm that it has been in discussions with UEFA over the last month - in relation to the application of Financial Fair Play regulations - as has been widely reported and communicated by UEFA.
"At the heart of those discussions is a fundamental disagreement between the club's and UEFA's respective interpretations of the FFP regulations on players purchased before 2010.
"The club believes it has complied with the FFP regulations on this and all other matters. The club's expenditure on new players for the upcoming summer transfer window, on top of income from players it might sell, will be limited to 60m euros."
Seven other clubs, Galatasaray, Trabzonspor and Bursaspor from Turkey, Russian sides Zenit St Petersburg, Anzhi Makhachkala and Rubin Kazan, plus Levski Sofia from Bulgaria also failed FFP.
Their punishments ranged from Zenit's 12m euro fine, 6m suspended, and European competitions' squad reduction to 22 players, Rubin (6m, 3m suspended, squad 21 players), Anzhi (2m, 1m susp, squad restricted to 21) to Bursaspor, Galatasaray and Sofia's 200,000 euro fines.
Sat May 17, 2014 2:42 am
Sat May 17, 2014 6:51 am
Sat May 17, 2014 9:21 am
Sat May 17, 2014 10:03 am
Sat May 17, 2014 10:50 am
NeathBlue wrote:You know football is morally bankrupt when a club gets fined 15k for racial abuse of a player and another club gets fined £50mil for breaking "fair play" rules even though their owners are happy to cover all the losses from their spending.
Sat May 17, 2014 7:50 pm
Sun May 18, 2014 5:45 am
Sun May 18, 2014 6:22 am
JONNY012697 wrote:I never understood this whole thing
It doesnt really seem fair at all
what? Fairness is the whole point.
It keeps rich clubs rich and poor clubs poor
no it doesnt. It means if a poor club wants to be rich then they have to work for it.
It doesnt allow investors to invest
thank goodness for that. Investment means loans, which is why clubs are flirting with going bust right left and center because they cannot afford to pay them back.
Im all for financial control but lets be realistic. Its good that we want to stop clubs ending up in financial ruin and loans should be eradicated with solid investment only 'put your money where your mouth is'
again, investment is not "gifts".
Why punish Manchester City and its owner for bank rolling the club. Manchester City are stable Sheik Mansour doesnt has written off what hes spent in the club. Also hes not only invested heavily in the squad hes invested in the community. Cant really believe they are being punished for it!!!
yet you are complaining about fairness? What is fair about man city being able to spend a billion when they havent earned a billion?
Its all a bit of a joke really. Especially when you compare Man City and us
in what way?
Sun May 18, 2014 6:41 am
Roath_Magic_ wrote:JONNY012697 wrote:I never understood this whole thing
It doesnt really seem fair at all
what? Fairness is the whole point.
It keeps rich clubs rich and poor clubs poor
no it doesnt. It means if a poor club wants to be rich then they have to work for it.
It doesnt allow investors to invest
thank goodness for that. Investment means loans, which is why clubs are flirting with going bust right left and center because they cannot afford to pay them back.
Im all for financial control but lets be realistic. Its good that we want to stop clubs ending up in financial ruin and loans should be eradicated with solid investment only 'put your money where your mouth is'
again, investment is not "gifts".
Why punish Manchester City and its owner for bank rolling the club. Manchester City are stable Sheik Mansour doesnt has written off what hes spent in the club. Also hes not only invested heavily in the squad hes invested in the community. Cant really believe they are being punished for it!!!
yet you are complaining about fairness? What is fair about man city being able to spend a billion when they havent earned a billion?
Its all a bit of a joke really. Especially when you compare Man City and us
in what way?
Sun May 18, 2014 7:28 am
Sun May 18, 2014 9:26 am
Roath_Magic_ wrote:Taking a risk? Where is the risk?
Investment means getting it back plus more. If you spend £300m on players with another £130m a year on wages... You aint getting a return.
All you are doing is putting the club £430m in debt (minus income of course).
Surely you arent condoning having clubs as foreign gazillionaires play things? Where is the fairness in that?