Man City, PSG May Be Punished By UEFA
Manchester City and Paris Saint-Germain have been reported to
be facing substantial punishments from European football governing
body, UEFA, for failing to comply with the Financial Fair Play (FFP)
rules.
According to the report, the English club faced a "huge" penalty for breaching the regulations, which were introduced by UEFA to prevent clubs from spending beyond their means.
It was also reported that French champions PSG will also be penalised by UEFA's Club Financial Control Body (CFCB), which was due to meet for the first time today (Tuesday) and on Wednesday.
* PSG may be stripped of the French league title they won in 2013
A central tenet of FFP is that clubs were forbidden from making losses of over 45 million euros ($62.1 million) during the 2011-12 and 2012-13 seasons, with exceptions for certain forms of expenditure.
Each bankrolled by mega-rich owners from the Middle East, City and PSG both spent heavily on new players during that period.
City's outlay helped them to win the Premier League title in 2012, while PSG claimed the Ligue 1 crown the following season.
Clubs found guilty of contravening FFP regulations could face punishments including exclusion from the Champions League or the stripping of titles.
However, the report, which did not cite any sources, said that City and PSG were more likely to be hit with either a financial penalty or a transfer embargo.
No "fewer than 20" clubs were said to be at risk of sanctions
Other club should learn from this.
READ MORE: http://news.naij.com/64553.html
According to the report, the English club faced a "huge" penalty for breaching the regulations, which were introduced by UEFA to prevent clubs from spending beyond their means.
It was also reported that French champions PSG will also be penalised by UEFA's Club Financial Control Body (CFCB), which was due to meet for the first time today (Tuesday) and on Wednesday.
* PSG may be stripped of the French league title they won in 2013
A central tenet of FFP is that clubs were forbidden from making losses of over 45 million euros ($62.1 million) during the 2011-12 and 2012-13 seasons, with exceptions for certain forms of expenditure.
Each bankrolled by mega-rich owners from the Middle East, City and PSG both spent heavily on new players during that period.
City's outlay helped them to win the Premier League title in 2012, while PSG claimed the Ligue 1 crown the following season.
Clubs found guilty of contravening FFP regulations could face punishments including exclusion from the Champions League or the stripping of titles.
However, the report, which did not cite any sources, said that City and PSG were more likely to be hit with either a financial penalty or a transfer embargo.
No "fewer than 20" clubs were said to be at risk of sanctions
Other club should learn from this.
READ MORE: http://news.naij.com/64553.html
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