have been reported to be facing substantial
punishments from European football
governing body, UEFA, for failing to comply
with the Financial Fair Play (FFP) rules.
According to the report, the English club faced a "huge" penalty for breaching the regulations,
which were introduced by UEFA to prevent clubs from spending beyond their means.
It was also reported that French champions PSG
will also be penalised by UEFA's Club Financial
Control Body (CFCB), which was due to meet for
the first time today (Tuesday) and on Wednesday.
* PSG may be stripped of the French league
title they won in 2013 A central tenet of FFP is that clubs were forbidden from making losses of over 45 million euros ($62.1 million) during the 2011-12 and 2012-13 seasons, with exceptions for certain forms of expenditure.
Each bankrolled by mega-rich owners from the
Middle East, City and PSG both spent heavily on
new players during that period.
City's outlay helped them to win the Premier
League title in 2012, while PSG claimed the Ligue 1 crown the following season.
Clubs found guilty of contravening FFP
regulations could face punishments including
exclusion from the Champions League or the
stripping of titles.
However, the report, which did not cite any
sources, said that City and PSG were more likely
to be hit with either a financial penalty or a
transfer embargo.
No "fewer than 20" clubs were said to be at risk
of sanctions.
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