Sunday, May 18, 2014

Manchester city fined 48 million for Financial Misconduct. Check if your team is also fined

As widely predicted, City have been fined a total of £48.8million (€60) by European football’s governing body. However, £32.6m (€60) of that fine will be suspended providing the new Premier League champions meet a number of conditions. City have effectively been fined £16.2m of their Champions League revenue over the next two years, and will have their squad for the competition cut from 25 players to 21 next season. They will only be allowed to spend a net figure of £48.8m (€60) in the transfer market this summer — meaning Manuel Pellegrini can generate extra finances by selling players — and the wage bill has been frozen so it remains at the same level as this season. Whereas other clubs are allowed to make losses of £24.4m over two years under FFP rules, City’s restrictions are more specific and they can lose only £16m this season and £8m next season. Paris St Germain £48.8M fine, Champions League squad size cut to 21, transfer spending restrictions, two-year squad salary freeze. Zenit St Petersburg £9.8m fine, Champions League squad size cut to 22, transfer spending restrictions, two-year squad salary freeze. Anzhi Makhachkala £1.6m euro fine, Champions League squad size cut to 21, transfer spending restrictions, two-year squad salary freeze. Rubin Kazan £4.8m fine, Champions League squad size cut to 21, transfer spending restrictions, two-year squad salary freeze. Galatasaray £162,000 and one-year squad salary freeze. Bursaspor £162,000 and one-year squad salary freeze. Trabzonspor £162,000 and one-year squad salary freeze. Levski Sofia £162,000 and one-year squad salary freeze.