Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America DailySpecial EditionAround The NetSoccer Business InsiderCollege Soccer ReporterYouth Soccer ReporterSoccer on TVSoccer America Classifieds
Paul Gardner: SoccerTalkSoccer America ConfidentialYouth Soccer InsiderWorld Cup Watch
RSS FeedsArchivesManage SubscriptionsSubscribe
Order Current IssueSubscribeManage My SubscriptionRenew My SubscriptionGift Subscription
My AccountJoin Now
Tournament CalendarCamps & AcademiesSoccer GlossaryClassifieds
Report: Man City Could Fight UEFA Over FFP
Guardian, May 7th, 2014 12:29PM

MOST READ
TAGS:  england, france, soccer business

MOST COMMENTED

Manchester City is reportedly furious with UEFA for being offered similar settlement terms to Paris Saint-Germain over the European governing body’s new Financial Fair Play (FFP) rules, as it emerged on Tuesday that both clubs face fines of nearly 50 million pounds ($84.8 million) in addition to restrictions on their big-money squads. According to the Guardian, City has until Friday to either accept the settlement that is on the table or bring the matter to UEFA’s club financial control body’s adjudicatory chamber, which could result in even harsher sanctions for the Abu Dhabi-backed club.

Although UEFA found that City lost 153 million euros ($213.1 million) in 2011/12 and 2012/13, City’s maintains that it was very close to meeting the FFP standard of losses totaling 45 million euros ($62.7 million) over those two seasons. Club insiders insist that the ability to write off the value of player contracts signed before 2010 when the rules were unveiled, as well as write down investments in youth development and infrastructure, including expenditures on its new franchises in New York City and Melbourne, respectively, allowed the Premier League giant to narrowly comply.

Meanwhile, Qatar-backed PSG is reportedly close to agreeing to UEFA’s sanctions, more or less admitting that its 200 million euros-per-year deal ($278.6 million) with the Qatar Tourism Authority was valued at twice as much as it should have been. However, City’s 10-year deal with Abu Dhabi’s national airline Etihad Airways is only worth 35 million pounds ($59.4 million) per year.

As the report points out, so angry is City, that the club could be willing to appeal the matter all the way to the European Union’s court of arbitration for sport, but the danger is that with every legal challenge, UEFA could become tempted to ban the club from next season’s Champions League altogether.

Read the original story...


No comments yet.

Sign in to leave a comment. Don't have an account? Join Now




AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Section 2 Around the Net
Ranieri Named Greece Coach     
Claudio Ranieri on Friday signed a two-year deal to manage Greece. The 62-year-old Italian replaces Fernando ...
West Ham's Carroll to Miss Four Months    
West Ham striker Andy Carroll is set to miss up to four months after suffering ankle ...
Pinto Quits Costa Rica     
Jorge Luis Pinto, who guided Costa Rica to a surprise quarterfinal finish at the World Cup ...
Cech to Fight for Chelsea Place    
Petr Cech has vowed to stay and fight for his place as his decade-long reign as ...
Mourinho: Drogba 'Belongs' to Chelsea    
Jose Mourinho on Friday admitted that he is considering re-signing Chelsea legend Didier Drogba, who is ...
Maradona Blasts Argentina's Coaching Decisions    
Former Argentina captain Diego Maradona, who famously inspired the Albiceleste to World Cup glory at the ...
FIFA Backs 2018 Russia World Cup     
FIFA on Friday said it remains committed to the 2018 World Cup in Russia, despite the ...
NBC Brings EPL to Movie Theaters    
NBC Sports and Fathom Events are teaming up to show English Premier League games on Saturday ...
Aguirre Named Japan Coach     
Former Mexico coach Javier Aguirre on Thursday was appointed head coach of the Japanese national team, ...
Swans Sign Montero    
Swansea on Thursday signed Ecuadorian winger Jefferson Montero on a four-year deal from Mexican club Morelia. ...
>> Section 2 Around the Net Archives