Financial Fair Play slams Manchester City with huge fine, squad reduction

7 Comments

Fresh off Manchester City’s triumphant Premier League season, they will be hard pressed to repeat thanks to the new Financial Fair Play rules.

Along with Paris Saint-Germain, Zenit St. Petersburg, Galatasaray, Anzhi Makhachkala, Rubin Kazan, Trabzonspor, Bursaspor, and PFC Levski Sofia, City has been found to have breached FFP regulations and will be accordingly punished.

According to the documented release by UEFA, Manchester City has agreed to:

  • Pay a fine of $82.19 million
  • Cap its Champions League roster at 21 players (down from 25), 8 of which must be “homegrown”
  • Cap its wages at their current level outside of performance bonuses
  • A break-even financial deficit for the next two fiscal years
  • Have its expenditure allowance reduced below the level of other clubs (essentially a probationary period).

Read the full UEFA report here.

The investigation found that Manchester City’s net losses of $207 million was bankrolled entirely by Sheikh Mansour bin Zayed Al Nahyan of Abu Dhabi, the club’s owner. The bankroll was covered up in sponsorships but they were too closely tied to Sheikh Mansour for UEFA’s liking.

Manchester City has released a statement claiming they have “engaged with UEFA in its introduction of the Financial Fair Play Regulations in good faith and without prejudice and in a transparent and collaborative manner.”

Essentially, they disagree with the findings of the FFP investigation, citing the facts that they’ve been “operating with no debt” and “realizing its football and commercial opportunities whilst continuing unprecedented investments in both youth development and the local community.”

However, they admit that while they would like to challenge the findings, they have decided not to for “practical realities.”  That’s because they can’t – the ruling has no appeal.

Therefore, the club confirms that the eventual punishments laid down were a “compromise agreement.” Most clubs were given the opportunity to settle with UEFA.

City claims that they already used a 21-player roster this past season for the Champions League, however the team’s official UEFA roster lists 24 players as part of their “A” list.

The punishments given to Manchester City were exactly the same as those handed down to Paris Saint-Germain, who responded with a club statement of their own.  You can view all UEFA documents pertaining to these sanctions here.

Interestingly enough, heavy spenders Monaco were not included in the FFP sanctions and appear to be safe.

U.S. Open Cup roundup: Poku lifts Miami; Red Bulls, Cincy win on PKs

Twitter/@naslofficial
Leave a comment

While MLS represents the majority of the remaining clubs in this year’s U.S. Open Cup, one side continues to defy the odds.

[ MORE: Minnesota United adds Hearts midfielder Sam Nicholson ]

Miami FC reached their first quarterfinal in club history after knocking off Atlanta United late on Wednesday, behind a goal and an assist from Kwadwo Poku. The victory for Miami sets up a date with FC Cincinnati — who pulled off an unbelievable shootout win against the Chicago Fire.

Meanwhile, the New York Red Bulls and New England Revolution both advanced on the night with wins over the Philadelphia Union and D.C. United, respectively. The Red Bulls and Revs will meet in the final eight as well.

Sporting KC kept its hope of hoisting a fourth U.S. Open Cup title alive on Wednesday with a 2-0 win over the Houston Dynamo. The 2015 winners will take on FC Dallas — who defeated the Colorado Rapids on Tuesday night.

Here are all the results from tonight’s Open Cup action.

Houston Dynamo 0-2 Sporting KC
New England Revolution 2-1 D.C. United
Miami FC 3-2 Atlanta United
New York Red Bulls 1-1 (5-3 on PKs) Philadelphia Union
FC Cincinnati 0-0 (3-1 on PKs) Chicago Fire

Late action (10:30 p.m. ET kick off)

San Jose Earthquakes vs. Seattle Sounders
LA Galaxy vs. Sacramento Republic

Report: City Football Group set to expand outreach with Girona deal

Twitter
Leave a comment

City Football Group appears on the verge of adding to its global outreach, and it’s next destination looks to be in Spain.

[ MORE: Are Southampton’s days of selling behind the club? ]

The group of investors, which are known for controlling Premier League side Manchester City, are reportedly nearing a deal to purchase a partial stake in Spanish club Girona — which is set to make its La Liga debut in 2017/18.

CFG is said to be gaining a near “50 percent” stake in the club, with the rest of the club owned by Media Base, a company owned by Pep Guardiola‘s brother, Pere.

Over recent years, CFG has vastly expanded its ownership outreach and currently has a stake in five clubs around the world, with Girona set to be the sixth.

MLS side New York City FC, Australian A-League side Melbourne City FC, Japan’s Yokohama F. Marinos and Club Atletico Torque in Uruguay are all part of the CFG enterprise, alongside Man City.

New York Red Bulls ink goalkeeper Luis Robles to new deal

Jeff Zelevansky/Getty Images
1 Comment

The “Iron Man” will keep up his amazing journey with the New York Red Bulls, after signing a new deal with the club on Wednesday.

[ MORE: Wesley Sneijder on verge of joining Los Angeles FC ]

Goalkeeper Luis Robles has extended his contract with the reigning Eastern Conference champions, as the American continues to raise his consecutive starts streak, which stands at 157.

The terms of the deal were not disclosed in the club’s release.

Robles joined the Red Bulls back in 2012 after playing in Germany, and the shot-stopper hasn’t missed a start ever since.

Report: Minnesota United adds Hearts midfielder Sam Nicholson

Twitter/@WallofSport
Leave a comment

Minnesota United has had its shares of ups and down in its debut MLS season, but the Loons are on the verge making an exciting young signing.

[ MORE: Wesley Sneijder closing in on Los Angeles FC move ]

ESPN FC is reporting that Minnesota will sign Hearts winger Sam Nicholson from the Scottish Premier League on a deal that makes him a Loon until 2019.

The young attacker is expected to join the MLS side when the summer transfer window opens on July 10.

Nicholson, 22, has played with the Edinburgh side since his youth days, and made his senior debut with the club in 2013. During his time at Hearts, Nicholson scored 16 goals in all competitions for the team.

Last season, Nicholson missed 16 matches due to a significant knee injury.

According to the report, Scottish sides Rangers and Aberdeen were also among those interested in acquiring Nicholson, while English Championship clubs Bristol City and Barnsley also reached out about the attacker.