Manchester City will have 40million euros (£33.4million) refunded after UEFA confirmed the club had complied with sanctions imposed for breaching Financial Fair Play rules.
City were hit with a 60million euros fine, transfer restrictions and forced to name a smaller Champions League squad than usual after being found guilty of breaching the European governing body's regulations in 2014.
Two thirds of the 60million (then £49million) fine, however, was to be surrendered on the condition it could be returned if all operational and financial measures insisted upon by UEFA were met.
Additional criteria City agreed to meet included limiting annual losses to set amounts each year with the purpose of moving towards break-even figures.
This has now been achieved with City even recording profit in the past two financial years.
French side Paris St Germain, who fell foul of regulations in the same year, have also fulfilled their requirements.
A statement from UEFA read: "Manchester City FC (England) and Paris Saint-Germain (France), whose settlement agreements were signed back in May 2014, have fully complied with all the requirements and overall objective of their agreements. Consequently, they have exited the settlement regime."
http://www.mirror.co.uk/sport/football/news/manchester-city-33million-refunded-after-10271617
City Get UEFA Refund
posted on 22/4/17
I think we should use it buy that little French chappie from Athletico. Just to pis h the raglets off.
posted on 22/4/17
comment by Kamikaze Blue (U7450)
posted 2 hours, 48 minutes ago
I think we should use it buy that little French chappie from Athletico. Just to pis h the raglets off.
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Nah, I don't think they're interested in Kevin Gameiro.
posted on 22/4/17
comment by gratedbean (U4885)
posted 3 hours, 17 minutes ago
comment by #4zA (U19575)
posted 9 hours, 5 minutes ago
congratulations to UEFA in forcing these two clubs to comply with the rules like everybody else has to
they should not have returned any €€€ tho
Napoli do not get €€€ back from the fines we received for flarez etc even tho there were not so many this season in CL
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Perhaps a good incentive for Napoli would be 100k euros of fine returned for each fan who hands his trusty match day switchblade back to the authorities?
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This would be an excellent scheme if I at all understand the potential of coupling the Neapolitan pysche and eye for business with the UEFA tradition for negligence and lack of adequate foresight an planning.
The fine would be fully reimbursed, a healthy profit made by the club (UEFA typically forgetting to include a clause stating reibursement could not exceed the amount initially paid), the 3D-printing business in Naples would get a huge boost, Napoli fans would get to keep their trusty switchblade and UEFA would wind up with a warehourse full of fake switchblades that no one would ever actually check.
posted on 23/4/17
I think we should use it buy that little French chappie from Athletico. Just to pis h the raglets off.
Good idea and then sell Aguero to Chelsea for 25 mill
posted on 23/4/17
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posted on 23/4/17
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posted on 23/4/17
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posted on 23/4/17
Or donkeys
posted on 23/4/17
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posted on 23/4/17
Haha