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Manchester City's Financial Fair Play deal is still on the rocks Manchester City's financial fair play deal is still on the rocks
(about 3 hours later)
Manchester City have not yet reached a settlement with Uefa over the proposed sanctions they face for breaking Financial Fair Play rules. Manchester City have not yet reached a settlement with Uefa over the proposed sanctions they face for breaking financial fair play rules.
Uefa had hoped that Manchester City would agree to a fine of €60m (£49m) and restrictions on their European squad by the end of last week and had issued a "take it or leave it" final offer over the weekend. Uefa had hoped that Manchester City would agree to a fine of €60m (£49m) and restrictions on their European squad by the end of last week and had issued a "take it or leave it" offer over the weekend.
But the Manchester club, furious at being bracketed with Paris St-Germain and convinced they narrowly complied with the new rules according to their reading of them, have yet to settle with Uefa. But the Manchester club, furious at being bracketed with Paris Saint-Germain and convinced they narrowly complied with the new rules according to their reading of them, have yet to settle with Uefa.
If no settlement is reached, the matter will be passed to the adjudicatory arm of Uefa's independent club financial control board, which has the power to impose an even heavier sanction. But Uefa is believed to be confident that a settlement can be reached and insists the process is still on track.If no settlement is reached, the matter will be passed to the adjudicatory arm of Uefa's independent club financial control board, which has the power to impose an even heavier sanction. But Uefa is believed to be confident that a settlement can be reached and insists the process is still on track.
The other eight clubs under consideration by the CFCB, including PSG, are believed to have all-but agreed settlements with Uefa.The other eight clubs under consideration by the CFCB, including PSG, are believed to have all-but agreed settlements with Uefa.
Uefa's general secretary, Gianni Infantino, said the procedure was "very clear" and insisted that decisions involving the nine clubs were on track.Uefa's general secretary, Gianni Infantino, said the procedure was "very clear" and insisted that decisions involving the nine clubs were on track.
"In terms of deadlines, this is still quite well on track," he said. "I'm not worried or anxious or concerned. It's a process. It's normal in legal proceedings where everything has to be analysed.""In terms of deadlines, this is still quite well on track," he said. "I'm not worried or anxious or concerned. It's a process. It's normal in legal proceedings where everything has to be analysed."
Infantino insisted the only deadline imposed by Uefa has been to have the process concluded by the start of next season's European competitions.Infantino insisted the only deadline imposed by Uefa has been to have the process concluded by the start of next season's European competitions.