Some facts remain, such as those by which they broke the FFP rules and agreed in 2014 on an agreement that was in fact a plea (including PSG). That will not change and the perception of that will not change. In the agreement with Uefa, the city pledged to “not improve” the value of two of the unmentioned secondary sponsors and Uefa reportedly agreed not to subtract the argument that the companies are linked to each other. “They left the colonization regime.” On Friday, Manchester City, like most of the kingdom`s inhabitants on the eve of Storm Dennis, had prepared for an imminent bombardment. It came in the form of the UEFA Club Financial Control Body (CFCB), which banned Manchester City from all UEFA club competitions for two years and also fined 30 million euros. Although the club previously agreed to a transaction agreement with the CFCB in 2014 for a breach of the Financial Fair Play (FFP) regulation, allegations of overspending, inflated sponsorship agreements and falsification of records (revealed by a cache of hacked emails) led to the current ban. According to a UEFA statement, “Manchester City FC and Paris Saint-Germain, whose transaction contracts were already signed in May 2014, have fully met all the requirements and the overall objective of their agreements. A city spokesman said: “The 2014 settlement agreement resolved all open cases between the parties and was based on full disclosure of information. The transaction agreement contains confidentiality clauses that prevent Manchester City from deciding both the agreement and the investigation it has concluded. 1. The city and the other eight clubs have agreed to the UEFA Club Financial Control Body (CFCB). Under the transaction agreement, no complaint is admissible before the CfCB`s board of justice, which means that no complaint from the association can be brought before the Court of Arbitration for Sport (CAS). The positive advantage for UEFA is that all the offending clubs have agreed and there are probably no direct disputes during the summer months (the parties involved who are challenging the transaction contract).
UEFA announced on Friday evening that it had reached agreements with nine clubs that had breached the Financial Fair Play (FFP) break-even rules. To understand the details of UEFA`s settlement procedure, click here. The rest of this blog contains a general description of Manchester City`s sanctions, with some initial comments on the Manchester City comparison and a summary of the other eight club cuts. The club risked severe penalties for the size of its deficit, including a possible exclusion from the Champions League, but a controversial deal was reached in May 2014. City strongly opposed the lawsuit and the findings and seriously threatened to take legal action against FFP, arguing that the “break-even” principle could be considered illegal. Five years after the transaction agreement, the CFCB`s Investigative Board announced a formal investigation by Manchester City for ber violation during the first surveillance period.