By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Okay News
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Font ResizerAa
Okay NewsOkay News
Search
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
Sport

Manchester City Not Under Investigation Over FFP – UEFA

Farouk Mohammed
By
Farouk Mohammed
ByFarouk Mohammed
Publisher
Farouk Mohammed is the Publisher and Lead Editor of Okay News, an international digital news platform delivering verified reporting across technology, global affairs, business, innovation, and...
Follow:
Published: 2017/09/04
3 Min Read
Share
SHARE

European football governing body, Uefa says Manchester City is not under investigation for flouting any FFP rule, despite the Spanish league calling for them to do so.

European football’s governing body is already investigating if Paris St-Germain have broken rules designed to stop clubs from ‘financial doping’.

La Liga president Javier Tebas said City and PSG’s “funding by state-aid distorts European competitions and creates an inflationary spiral that is irreparably harming the football industry”.

“There is no investigation into Manchester City with regards to FFP regulations. Any reports mentioning such an investigation are unsubstantiated,” a Uefa statement read.

City and PSG spent hundreds of millions of pounds on new players this summer.

PSG have been owned by the Gulf state of Qatar, via its Qatar Sports Investments fund, since 2011.

They more than doubled the world record transfer fee when they spent 222m euros (£200m) to sign Neymar last month, before adding Kylian Mbappe on loan from Monaco, a deal that is expected to be made permanent for £165.7m in 2018.

City’s summer spend of £215m was the biggest by any club in any transfer window and included deals for England full-back Kyle Walker (£45m), Portugal midfielder Bernardo Silva (£43m), Brazilian goalkeeper Ederson Moraes (£35m) and France defender Benjamin Mendy (£52m).

The Premier League club, bought by The Abu Dhabi United Group in 2008, also sold several players over July and August, including Kelechi Iheanacho, Wilfried Bony and Aaron Mooy, leaving their net spend at about £130m.

A La Liga statement released on Monday confirmed it wrote two letters to Uefa on 22 August – one to express concerns over the French club, and another relating to City.

The body claimed that “both PSG and Man City benefit from sponsorships that make no economic sense and lack any fair value”.

“La Liga calls on Uefa to proceed with its investigation, taking into account the full history of PSG’s actions. Additionally, La Liga calls on Uefa to open a similar investigation into Man City,” the statement added.

TAGGED:Manchester CityUEFA
Share This Article
Facebook Pinterest Whatsapp Whatsapp Email Print
ByFarouk Mohammed
Publisher
Follow:
Farouk Mohammed is the Publisher and Lead Editor of Okay News, an international digital news platform delivering verified reporting across technology, global affairs, business, innovation, and development. He has over a decade of experience in journalism and international media, with a strong focus on geopolitics, conflict reporting, human rights, and the global digital economy.
Previous Article Chelsea Omit Diego Costa From Champions League Squad
Next Article LISTEN: Eldee Releases Episode 4 of “Nigerian American” Podcast

Stay Connected

FacebookLike
XFollow
InstagramFollow
TiktokFollow
WhatsAppFollow
- Advertisement -

You Might Also Like

Sport

Zambia and Comoros Play Out Goalless Draw in AFCON 2025

By
Adamu Abubakar Isa
1 Min Read
Sport

AFCON 2025: Salah’s Penalty Delivers 10-Man Egypt in Win Over South Africa

By
Adamu Abubakar Isa
1 Min Read
Sport

Angola, Zimbabwe Settle for 1–1 Draw in AFCON 2025 Group B Clash

By
Adamu Abubakar Isa
1 Min Read
Okay NewsOkay News
Follow US
2025 © Okay International Limited - All rights reserved
  • About Us
  • Advertising
  • Contact
  • Careers
  • Team
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

Continue with Facebook
Not a member? Sign Up