Manchester City will be ‘monitored closely’ having escaped punishment from UEFA for breaches of Financial Fair Play regulations. UEFA say they will monitor Manchester City’s finances closely this year after fining eight clubs for failing to break even with Financial Fair Play regulations.
Regarding City, UEFA say the Blues were ‘able to technically fulfil the break-even requirement’, but were reminded that from the next financial year, any help they received from Covid-19 emergency measures or historical break-even results would no longer be considered. As a result, UEFA have asked City, and 18 other clubs, for additional financial information and will monitor them closely in the next year so that they will be in compliance with the regulations moving forward.
A UEFA statement said that the CFCB First Chamber also observed that another 19 clubs that took part in the 2021/22 UEFA club competitions, namely Borussia Dortmund, Chelsea FC, FC Barcelona, FC Basel 1893, 1.FC Union Berlin, Fenerbahçe SK, Feyenoord, Leicester City FC, Manchester City FC, Olympique Lyonnais, Rangers, Real Betis Balompié, Royal Antwerp FC, Sevilla FC, SS Lazio, SSC Napoli, Trabzonspor AŞ, VFL Wolfsburg and West Ham United FC, were able to technically fulfil the break-even requirement thanks to the application of the COVID-19 emergency measures and/or because they benefited from historical positive break-even results (T-3 and T-4).
Of the eight clubs fined, PSG will have to pay the most in unconditional fines at €10m, with Roma paying €5m, Inter €4, Juventus €3.5m and AC Milan €2.5m. The remaining balances will be conditional based on settlement agreements over the next three or four years.