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UEFA REFUND Man City after controversial Financial Fair Play sanctions

Manchester Evening News logo Manchester Evening News 21/04/2017 21:13:16 James Robson

Manchester City have been handed a £33m windfall from UEFA after complying with Financial Fair Play measures.

European football's governing body confirmed City would be refunded 40m euros (£33.4m) after meeting the requirements of sanctions imposed in 2014.

City were fined £49m for breaching FFP regulations.

Sanctions also included transfer restrictions and a reduced squad for the Champions League.

But two thirds of the fine would be returned if City met with the operational and financial measures put in place by UEFA.

In addition City agreed to limiting annual losses to set amounts each year with the purpose of moving towards break-even figures.

They have achieved that comfortably - recording profit two years in succession.

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Paris St Germain - also hit by FFP sanctions - have fulfilled their requirements too.

A statement from UEFA read: "Manchester City FC and Paris Saint-Germain, whose settlement agreements were signed back in May 2014, have fully complied with all the requirements and overall objective of their agreements.

"Consequently, they have exited the settlement regime."

UEFA's controversial FFP ruling has played a part in City fans' animosity towards the organisation, which has led to ritual booing of the Champions League anthem.

21. huhtikuuta 2017 23:46:53 Categories: Manchester Evening News

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