Manchester City manager Manuel Pellegrini plays down fears over FFP sanctions
Reports suggest the big spending club could be hit under Financial Fair Play rules
Tuesday 15 April 2014
Manchester City manager Manuel Pellegrini insists he is not worried by the possibility of the club being sanctioned by UEFA for breaching financial fair play (FFP) rules.
City are among a number of clubs, including Paris St Germain, that are having their cases considered this week by UEFA's Club Financial Control Body's (CFCB) which will decide if they have committed breaches of the break-even rules.
The possible sanctions will be announced in early May and range from a warning to a fine, up to a salary cap for a club's European squad or even being barred from next season's Champions League. UEFA has confirmed that it cannot impose transfer embargoes.
Asked if he was worried about the possibility of sanctions, Pellegrini told a news conference: "No. First of all it is important to know what UEFA will have to say and then we can have an opinion.
"It is important for the club but I am not the person in charge of those kinds of things."
City have had no indication from UEFA about any possible action and senior sources at the club insist they are comfortable with their position.
The CFCB's investigatory chamber, headed by former Belgium prime minister Jean-Luc Dehaene, will conclude its meeting on Wednesday and those clubs judged to have committed serious breaches of FFP rules will be referred to the CFCB's adjudicatory panel for a final verdict, with UEFA to announce details of all sanctions around May 5.
City, who have lost £149million in the past two seasons, and PSG are among the 76 clubs under investigation.
The CFCB panel will have four options open to them: to dismiss the case; to agree a settlement with the club effectively putting them on probation; to issue a reprimand and fine of up to 100,000 euros; or in serious cases to refer the club to the adjudicatory chamber.
Clubs can appeal against any decision to the Court of Arbitration for Sport.
PSG's position looks to be the most perilous - the Qatari-owned club wiped out their losses via a back-dated sponsorship deal with the Qatar Tourism Authority. As it is a deal with a party related to the owners however, the French club have to convince UEFA the deal is of fair market value.
French newspaper L'Equipe reported last month that UEFA officials found the Paris club's officials "a bit haughty" in the discussions over FFP but that Manchester City had been more convincing.
Clubs are permitted to lose up to 45million euro (£37million) over the last two years under UEFA's rules.
City made losses of £97.9million in 2012 and £51.6million last year but can write off sums spent on facilities, youth development and a number of other items.
Other top English clubs have little to fear, with the likes of Arsenal and Manchester United being in the black in both years. Chelsea made a £49.4million loss last year but made a £1.4million profit in 2012 so will comply.
Liverpool, who have lost £90million over the last two years, and other clubs such as Monaco who are not playing in Europe this season will not have to pass the FFP rules until next autumn with any sanctions applicable in 2015.
Latest in Sport
Mario Balotelli to Liverpool: Best memes as Twitter reacts to imminent £16m transfer
Manchester United transfer news: Louis van Gaal joins Arsenal and Chelsea in the race for Sami Khedira
Mario Balotelli takes 50 per cent pay cut to join Liverpool as Samuel as Eto’o waits in the wings if deal falls through
Crystal Palace next manager latest: Palace consider Ally McCoist - EXCLUSIVE
Click here for the full story." title="When a youngster asked for an autograph outside Manchester City's training ground, Balotelli demanded to know why the boy was playing truant. After the child revealed he was being bullied, Balotelli drove the boy and his mother to the school in question so he could tackle the bully himself. He demanded to see the headmaster to make him aware of the issue and then mediated between the two boys to resolve the problem. A source said: 'Mario feels strongly about bullying.' Click here for the full story." width="88" height="52" />Mario Balotelli: The funniest stories
- 1 'Alien thigh bone' on Mars: Excitement from alien hunters at 'evidence' of extraterrestrial life
- 2 West poised to join forces with President Assad in face of Islamic State
- 3 Mother fed her daughter tapeworms to make her skinny for pageant
Richard Dawkins on babies with Down Syndrome: 'Abort it and try again – it would be immoral to bring it into the world'
Scottish independence: English people overwhelmingly want Scotland to stay in the UK
Isis threat: Cameron wants an alliance with Iran
Michael Brown shooting: Chaos erupts on the streets of Ferguson after autopsy shows teenager was shot six times – twice in the head
Disgusting, frustrating, but intriguing: how the country really feels about its politicians
Bin bag full of cats' heads discovered near Manchester's Curry Mile