Manchester City escape €40m UEFA fine

A general shot of the corner flag at the Etihad Stadium prior to Manchester City's Premier League clash with Middlesbrough on November 5, 2016
© SilverHub
Manchester City will no longer have to pay a €40m (£33.4m) fine to UEFA after complying with sanctions imposed for breaching Financial Fair Play rules.

Manchester City have escaped a €40m (£33.4m) fine from UEFA after complying with sanctions imposed for breaching Financial Fair Play rules.

In 2014, City were found guilty of breaching the governing body's financial regulations and were subsequently hit with a €60m fine, placed under transfer restrictions and forced to name a smaller Champions League squad than usual.

Two thirds of the €60m fine - then worth £49m - was suspended on the condition that the club complied with the restrictions, and having done so they are no longer required to pay the additional €40m.

"Manchester City FC, whose settlement agreement were signed back in May 2014, have fully complied with all the requirements and overall objective of their agreements. Consequently, they have exited the settlement regime," read a statement from UEFA.

Ligue 1 side Paris Saint-Germain have also fulfilled their requirements following a similar punishment.

Alexis Sanchez warms up before the Premier League game between Middlesbrough and Arsenal on April 17, 2017
Read Next:
Arsenal to push Sanchez towards PSG?
You May Like
Recomended from Sports Mole

2Tottenham HotspurSpurs38268486266086
3Manchester CityMan City38239680394178
6Manchester UnitedMan Utd381815554292569
10West Bromwich AlbionWest Brom38129174351-845
11West Ham UnitedWest Ham38129174764-1745
12Leicester CityLeicester38128184863-1544
13Stoke CityStoke381111164156-1544
14Crystal Palace38125215063-1341
15Swansea CitySwansea38125214570-2541
RHull City3897223780-4334