Newspaper article Manchester Evening News

NO WORRIES ; City Move to Assure Fans after New UEFA warning'Don't Worry' Is Message to City Fans

Newspaper article Manchester Evening News

NO WORRIES ; City Move to Assure Fans after New UEFA warning'Don't Worry' Is Message to City Fans

Article excerpt

CITY are confident they won't fall foul of UEFA's tough new financial fair play rules aimed at curbing the spending of Europe's super-rich clubs.

The Blues, together with Paris St Germain, have been warned by UEFA they will have to prove they are not 'cheating' the new regulations by having huge sponsorship deals with companies closely associated with their owners.

City have a Pounds 350m deal with Etihad, the national airline of Abu Dhabi, while the club's owner is Sheikh Mansour from the country's ruling family. However, the Etihad sponsorship package for the stadium and playing shirt naming rights, plus the multi-million pound City Campus development, is over 10 years. The Blues' hierarchy were delighted to halve their losses last year, while breaking through the Pounds 200m revenue for the first time.

Also the transfer deadline day deal to sell Mario Balotelli for a higher than expected Pounds 20m to AC Milan has removed one of the club's biggest earners - he was on a reputed Pounds 175,000 a week - from the wage bill, also boosting City's determination to keep within the rules that if broken could lead to expulsion from the Champions League.

Consequently, club officials say fans have nothing to worry about as the accounts WILL comply with the rules that come into force for the 2014/15 season.

Qatar-owned PSG, who last week signed David Beckham, are - like City - under the spotlight having recently announced a Pounds 125m- a-year deal with the Middle East country's tourist authority. UEFA published its annual benchmark report which warned City - and another English club believed to be Chelsea - that they are among 46 clubs across 22 European countries who could fall foul of its financial rules based on 2009-2011 figures. UEFA say they will check to ensure that the Etihad deal at City and the Qatar sponsorship deal with PSG have not simply been agreed at inflated values in order to allow the clubs to comply with financial fair play. …

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