Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Man City, PSG face FFP sanctions - report

15 April 2014, 13:38

London - Manchester City and Paris Saint-Germain both face substantial punishments for failing to comply with UEFA's Financial Fair Play (FFP) rules, British newspaper the Daily Telegraph reported on Tuesday.

The paper said that City faced a "huge" penalty for breaching the regulations, which were introduced by European governing body UEFA to prevent clubs from spending beyond their means.

According to the paper, French champions PSG will also be penalised by UEFA's Club Financial Control Body (CFCB), which was due to meet for the first time on Tuesday and Wednesday.

A central tenet of FFP is that clubs were forbidden from making losses of over 45 million euros ($62.1 million) during the 2011-12 and 2012-13 seasons, with exceptions for certain forms of expenditure.

Each bankrolled by mega-rich owners from the Middle East, City and PSG both spent heavily on new players during that period.

City's outlay helped them to win the Premier League title in 2012, while PSG claimed the Ligue 1 crown the following season.

Clubs found guilty of contravening FFP regulations could face punishments including exclusion from the Champions League or the stripping of titles.

However, the Telegraph report, which did not cite any sources, said that City and PSG were more likely to be hit with either a financial penalty or a transfer embargo.

The paper said that "fewer than 20" clubs were at risk of sanctions.

In a statement sent to the Telegraph, UEFA said: "UEFA will only communicate once decisions have been taken by the CFCB investigatory chamber, which we anticipate will happen at the beginning of May."

For the latest on national news, politics, sport, entertainment and more follow us on
 Twitter and like our Facebook page!


Tags psg soccer

Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Submitted by
George Vodongo
President renews calls for nation...

President Uhuru Kenyatta has called on Kenyans to instead focus on unity, cohesion and prosperity as the country approaches the campaigns period. Read more...

Submitted by
S Mbinya
What causes cellulite?

Cellulite usually affects the thighs, buttocks, waist and upper arms.  Read more...

Submitted by
Ben Wangui
IEBC selection panel settles on B...

The panel appointed by President Uhuru Kenyatta to recruit new IEBC commissioners has picked Bernadette Musundi as its chairperson. Read more...

Submitted by
Ben Wangui
Uhuru Kenyatta's bag of goodies t...

He promised to go back with more goodies next week. Read more...

Submitted by
Solomon Opala
Are women after money only

Many feel that it takes only a fat wallet to please a woman. Read more...

Submitted by
George Vodongo
Kalonzo says he will defeat UhuRu...

Wiper leader Kalonzo Musyoka has expressed confidence that he will send the Jubilee government home in the upcoming Presidential election. Read more...