Friday, July 3, 2015

Manchester City’s financial fair play restrictions on transfer spending lifted

Limits on Champions League squad size removed
Sanctions are also lifted on Paris Saint-Germain


Manchester City have had their restrictions on transfer spending and Champions League squad size lifted after meeting their financial fair play target, Uefa has announced.

City were ordered to play in last year’s Champions League with only 21 players in the squad, four fewer than usual, and spending on new signings in last summer’s transfer window was capped at £49m as punishment for breaching FFP rules. The club also agreed that total wages last season’s Champions League squad must not exceed that of the 2013-14 season.

The club were also fined £16.3m a year for three years totalling £49m but only the first year’s fine has been imposed. City’s settlement agreement with Uefa means they still have to hit targets they agreed with the European governing body for 2016.

Uefa’s club financial control body has also announced the lifting of the restrictions for Paris Saint-Germain, who were given the same sanctions last year.

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