Manchester City has entered into a compromise agreement with European football’s governing body UEFA over breaches of Financial Fair Play rules. The penalties to be imposed by UEFA include a €60m fine (£49m), though €40m will not be imposed if City balance the books, adhering to a transfer cap for the current year and restricting the […]
Financial Fair Play
Manchester City hit by 60 million euro fine
Manchester City has been fine 60million euros by UEFA who have also restricted their Champions League squad to 21 for next season following the breach of Financial Fair Play rules. The club owned by Sheikh Mansour snatched the Premier League title last weekend but will have to curb their spending in the transfer market and freeze their […]
David Gill on Financial Fair Play
David Gill, former Manchester United chief executive, has warned that clubs breaching financial fair play rules will come under close scrutiny in the coming months, reports The BusinessDesk.com. Mr Gill, who left Old Trafford after 16 years as finance director and latterly CEO, is now a now a key figure within European football’s governing […]