Newspaper article Manchester Evening News

CITY FINED Pounds 49M OVER FINANCIAL FAIR PLAY ; Champions League Squad Capped as UEFA Punishes Blues for Breaking Spending Rules

Newspaper article Manchester Evening News

CITY FINED Pounds 49M OVER FINANCIAL FAIR PLAY ; Champions League Squad Capped as UEFA Punishes Blues for Breaking Spending Rules

Article excerpt

CITY have been fined Pounds 49m and can only name a 21-man Champions League squad next season after breaching UEFA Financial Fair Play rules.

However, Pounds 32m of the fine is suspended if the Blues comply with agreed break-even spending limits.

Other sanctions mean City can only spend Pounds 49m on players this summer on top of any transfer fees they receive.

And their salary bill for their Champions League squad for the next two seasons must stay the same as this season.

City, who are one of eight clubs across Europe to fail FFP, are confident they can pass all the stipulations laid down by UEFA to limit the fine imposed.

In a statement, the club said it expects to make a profit next season and in the years ahead.

It said: "The club expects to be operating without sanction or restriction at the commencement of the 2015-16 season.

"Importantly all non-financial sanctions agreed to would have been complied with as a natural course of the club's planned business operations."

City have agreed to cut the losses to a maximum of Pounds 16.3m for the 2013-14 financial year and Pounds 8.2m losses the year after.

The club posted a loss of Pounds 51.6m in its last financial year, which makes the task of hitting the Pounds 16.2m target sound a tough one.

However, those losses have already been cut dramatically in recent years, having fallen from Pounds 197m to Pounds 98m, then Pounds 51.6m in the past three seasons - two of which were title- winning ones.

And revenues are predicted to soar from Pounds 271m to around Pounds 333m. boosted by the megabucks BT Sport broadcast deal which kicks-in this year and will see City pocket at least Pounds 25m, having already netted the best part of Pounds 100m in prize money and TV cash this season.

As for the Champions League squad restrictions, City said: "In 2013-14 the club registered 23 players for the competition and used 21."

On this summer's transfer spending, the statement said: "This will have no material impact on the club's planned transfer activity."

Chief executive Ferran Soriano this week said he didn't expect massive changes to the squad over the summer. City spent close to Pounds 90m last summer but are expected to make minor tweaks this year. …

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