European Financial Fair Play (FFP) regulations have been called into question after Man City successfully overturned the club’s two-year ban from European club competitions. City went to the Court of Arbitration for Sport (CAS) to appeal the suspension imposed by UEFA back in February for ‘serious breaches’ of FFP regulations between 2012 and 2016.
On Monday, CAS confirmed City did ‘fail to cooperate with UEFA’ but cleared the Citizens of ‘disguising equity funds as sponsorship contributions’. As well as overturning the ban, City’s fine was reduced from €30m to €10m. Last month, UEFA announced they were relaxing FFP rules because of coronavirus and clubs’ financial results in 2020 will instead be assessed alongside 2021’s rather than as two separate entities.
FFP was brought in back by UEFA to prevent clubs from spending beyond their means but it has failed and shown again that money talks.
Last year saw the Premier League’s Financial Fair Play rules scrapped. Since 2013, Short Term Cost Control (STCC) was implemented by the Premier League to ensure wage bills couldn’t spiral out of control. The rule demanded teams only grew their wage bill by seven percent per season. Any further increase had to be offset by extra commercial revenue to prove the club could afford to pay their players. The regulations were quietly dropped at the start of last season with allowed to spend what they deemed appropriate.
Shocking news…
The worlds richest owner ($20bil. personal and the ownership group have assets in excess of $500bil.) have had their appeal upheld by the panel of European arbitrators who have probably just inherited ‘offshore bank accounts’ ….
Oh … well actually not very shocking news then..
EUFA, FIFA, FA and FFP are all meaningless initials. Corrupt and no shame. First Chelsea got off now Man.City. Money not only talks it shouts.
The mega rich always win eg. World Cup in Qatar!
Thank god city have something to play for when they play Bournemouth and Watford. Pep won’t want them getting rusty before their game against Madrid. Go out and win it, then defend it next season.
The only club that brings up FFP is west ham.
Brady G&S roll it out every couple of years when they don’t want to sign anyone.
Do you hear it from other clubs.
FIFA/ UEFA or should we say Real and Barca push this to compete with the premier league and PSG.
Corrupt and inept UEFA.
City have been proven not guilty of the allegations! Seems to have bypassed our esteemed friends in Fleet Street ! Sorry the verdict didn’t go the way you wanted it to go,also some of the comments in the media by so called upmarket journalists border on libelous!Anyone remember the guy at Bayern Munich criticizing Citys finances just before he went to prison for fraud! You really couldn’t make it up then again maybe you can and do! Dodgy chairman selling condemned meat to schools, European bans for hoolaganism,Racism inherent in football for more years than it should have been none of these subjects have attracted the attention of our learned scribes that surely they should,I,m old enough to remember real sports journalism ,Peter Lorenzo, Henry McGee etc,Ps I know it’s Wapping now! Manchester City ruining football since whenever !!! Why go to an independent adjudication body when public opinion would suffice ? In conclusion I will state yet again that City have not (got off with it,nor paid someone off!) Maybe it time for City to issue a few writs!