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UEFA lift Manchester City FFP limit
03 Jul 2015 13:01
Manchester City have had their restrictions on transfer spending and Champions League squad size lifted after meeting their financial fair play target, UEFA has announced.
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City were ordered to play in last year's Champions League with only 21 players in the squad and spending on new signings in last summer's transfer window was capped at £49m as punishment for breaching FFP rules.
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The club also agreed that total wages for last season's Champions League squad would not exceed that of the 2013/14 season.
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City were fined £16.3 million a year for three years, totalling £49m, but only the first year's fine has been imposed. The settlement agreement with UEFA means they still have to hit targets agreed with the European governing body for 2016.
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UEFA's club financial control body (CFCB) has announced the lifting of the restrictions for both City and for Paris Saint Germain, who were given the same sanctions last year.
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UEFA said in a statement: "The UEFA CFCB has lifted a number of restrictions on transfer activity, employee expenses and number of players in UEFA club competitions imposed on Manchester City FC after the club reached certain targets towards break-even compliance as part of the ongoing monitoring of their settlement agreement.
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"The lifting of restrictions is subject to ongoing additional controls and audits. The club remains under strict monitoring and has still to meet break-even targets and is therefore subject to some limitations in 2016."
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Meanwhile, UEFA has also confirmed the amount clubs are permitted to lose over three years is being cut from €45m to €30m from the 2015/16 season.
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UEFA said: "The reduction has always been part of the evolution process of FFP and goes hand-in-hand with the other revisions that have been made in the updated regulations to strengthen FFP for European club football's long term future."
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Clubs will be permitted a period of accelerated spending on players if they present a sustainable business model and can prove they are not gambling on success.
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