Manchester City Accept Hefty Fine for Financial Fair Play Breach
By Community | May 19, 2014
Premier league champions Manchester City have accepted a £49m fine from UEFA after breaching the Financial Fair play rules.
The agreement with the European football’s Club Financial Control Body also included a cut in their Champions League squad to 21 players and a ban on increasing their wages for at least a year.
“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.”