What is Financial Fair Play Rules
Financial Fair Play rules are intended to prevent clubs from receiving unlimited amounts of money through rich owners and inflated sponsorship deals. Clubs who have breached the rules can ultimately be barred from European competition, but negotiated settlements are more common when it happened.
Manchester City Reaction
Manchester City attempted to halt a UEFA investigation into allegations that the club breached financial fair play regulations. But it has failed after its appeal to the Court of Arbitration for Sport (CAS) happened recently.
Court Of Arbitration for Sports
Court of Arbitration for Sports (CAS) general secretary Matthieu Reeb told reporters that the Premier League champions’ appeal had been judged inadmissible.
Case History
UEFA investigators have referred the case to the Club Financial Control board’s judicial body for possible sanctions. Manchester City appealed against that decision, saying at the time that UEFA investigators had ignored “a comprehensive body of irrefutable evidence provided by Manchester City”. The club has also said that the accusation of financial irregularities “remains entirely false” and they are confident of a positive outcome.
Reaction from Manchester City
Reeb said the Manchester City appeal had been thrown out because the UEFA case had not run its course. “The UEFA decision was not final, there is still another stage before and a possible final decision to be rendered,” He added that City could appeal again once UEFA had made its final decision.
Fine charges on Manchester City
Separately, Manchester City was fined 370,000 Swiss Francs or $371,150 by global Football body FIFA in August for breaches of rules regarding the transfer of Under-18 players. However, the club avoided a transfer ban.
The instance of Clubs Barred
Seven-times European champions AC Milan became the biggest club to be banned when they were barred from this season’s Europa League for overspending.
The clubs should follow the rules by UEFA or FIFA for the betterment of football. Football often referred to as gentlemen sport and this name should be kept forever by the clubs. The clubs should bend rules as for their concerns. The global football body FIFA and UEFA should not compromise when rules are broken by the clubs.
Category: Football news
Tags: Manchester City