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PSG, Man City fined €60mn over financial breaches

© Photo: AFP

Text by FRANCE 24

Latest update : 2014-05-16

Paris Saint Germain and Manchester City have each been fined €60 million and had their squad sizes capped for next season’s Champions League after breaching UEFA’s Financial Fair Play (FFP) rules.

The two clubs, champions of France and England respectively, will only be allowed squads of a maximum of 21 players in the 2015 edition of the Champions League, instead of the usual 25.

Both have also agreed to significantly limit transfer spending for the next two seasons and their wage bill for 2014-15 must stay the same as this season as part of their settlements with UEFA for contravening the FFP rules. The rules are meant to curb huge investments by owners and excessive spending on transfers.

In a statement, City made clear that they had reluctantly agreed a deal with UEFA. Had they fought on, they would have risked a ban from next season's Champions League.
"In normal circumstances, the club would wish to pursue its case and present its position through every avenue of recourse," City said in a statement.

"However, our decision to do so must be balanced against the practical realities for our fans, for our partners and in the interests of the commercial operations of the club," it added.

PSG and City will each get €40 million of the fine back should they stick to the terms of their settlement with UEFA in coming seasons.

UEFA has handed lesser punishments to seven other clubs including Galatasaray of Turkey and Russia's Zenit St Petersburg.

Two other Turkish teams - Bursaspor and Trabzonspor - are among nine teams punished, along with Russian teams Rubin Kazan and Anzhi Makhachkala. The other team to fall foul of FFP is Levski Sofia of Bulgaria.

(FRANCE 24 with AP, REUTERS)

Date created : 2014-05-16

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