Date: 4th July 2015 at 2:18pm
Written by:

Manchester City are in control of their own finances again having met the Financial Fair Play targets and agreements they made the other year.

Having suffered a net transfer cap of £49million in 2014-15 and having had a reduced Champions League squad based on breaches, City as many knew, were compliant last year and despite some scaremongering in the press, the sanctions having been lifted for the coming year although clearly UEFA will continue to watch us closely for continued compliance as there remain targets to hit for 2016.

A statement from UEFA’s Club Financial Control Body read.

‘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. 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.’

Those limitations will not hamper us in the transfer market this summer though, albeit we aren’t going to spend a billion dollars on fees and then sign players up to a million a week.

That isn’t stopping the press from now ramping up speculation of the club spending £100million before the end of the transfer deadline window, and Raheem Sterling is again a hot topic once more – as well as others.

Man City Bloggers

Join The Vital Debate

 
Click for the forum