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Man City fined 60 million euros by UEFA
Man City fined 60 million euros by UEFA over financial fair play regulations
Associated Press
2014-05-17 03:42 AM

NYON, Switzerland (AP) -- Premier League champion Manchester City has been fined 60 million euros ($82 million) by UEFA and ordered to limit its Champions League squad to 21 players next season for breaching the body's financial fair play rules.

City said it will accept the sanctions and will not appeal, but insisted that the club has a "fundamental disagreement" with UEFA about its "interpretations of the FFP regulations on players purchased before 2010."

The fine is the heaviest ever handed by out UEFA. However, UEFA said 40 million euros will be returned to the club if it fulfils its financial obligations over the next two years.

The rules require clubs who play in the Champions League and Europa League to balance their finances, and are meant to curb huge investments by owners and excessive spending on transfers.

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