Manchester City have told European football’s governing body UEFA that wealthy owners should not be penalised under Financial Fair Play rules should they invest heavily, the Daily
In the summer City were fined £49m and saw their Champions League squad reduced for breaking the regulations, while French champions Paris St. Germain, bankrolled by billionaire Nasser Al-Khaleaifi, were also the victims of heavy sanctions.
On Tuesday, Al-Khaleaifi and Man City chief executive Ferran Soriano attended a meeting in Nyon, Switzerland, which was chaired by UEFA president Michel Platini. During the discussions, both club representatives were vociferous in their belief that sustainable investment should be permitted.
The meeting also contained thoughts about whether clubs in significant debt, such as Manchester United and Real Madrid, should face stricter sanctions, although no decisions were taken.
Platini said afterwards: ‘We have succeeded in reducing the cumulative losses of European clubs and in stabilising European football’s finances. We must now work together to ensure that clubs can grow and prosper in the future – and today’s discussions were an encouraging step in that direction.’
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