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
Legia Loses CAS Appeal     
Legia Warsaw has said it will sack the administrator blamed for the clerical error that resulted ...
Report: BVB's Sponsors to Buy Stakes     
Borussia Dortmund on Thursday announced that the club would issue up to 24.5 million shares in ...
Simeone: Atletico Can't Compete with Real, Barca    
In an interview with La Gazzetta dello Sport, Atltico Madrid coach Diego Simeone emphasized that despite ...
Dzeko Signs Four-Year Man City Contract     
Manchester City striker Edin Dzeko on Thursday signed a new four-year deal with the defending Premier ...
FA Investigates Mackay, Moody     
Crystal Palace sporting director Iain Moody resigned on Thursday as the English FA opened an investigation ...
Poyet: 'I've Never Seen Jozy as Happy as Now'    
Gus Poyet, speaking ahead of Sunderland's home clash against Manchester United this weekend, says that USA ...
Ronaldo Fit for Super Cup; Di Maria, Khedira Futures Uncertain    
Real Madrid coach Carlo Ancelotti on Thursday confirmed that Cristiano Ronaldo is fit enough to start ...
Balotelli to Join Liverpool     
AC Milan on Thursday confirmed that striker Mario Balotelli has said goodbye to the club's teammates ...
Report: Mackay Out of Palace Running    
Malky Mackay, who was considered a shoo-in for the vacant Crystal Palace job, is no longer ...
UEFA Investigates Tavecchio Comments    
Italian soccer federation (FIGC) president Carlo Tavecchio is being investigated by UEFA over an alleged racist ...
>> Section 2 Around the Net Archives