UEFA speaks on FFP allegations against Manchester City

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UEFA are ready to investigate explosive Financial Fair Play (FFP) allegations levelled at Manchester City.

 <p>European football’s governing body on Tuesday issued a statement after a string of allegations by the Football Leaks website, via the German newspaper, Der Spiegel.</p> <p>City have been hit with series of allegations over its finances, including that it struck a backroom deal with UEFA having allegedly broken strict FFP regulations.</p>     <p>There have also been a range of other allegations made against City, including that they topped up sponsorship deals from Abu Dhabi and that they paid former manager, Roberto Mancini £1.75million, on top of his UK salary.</p> <p>Although UEFA did not name City, they made it clear they are ready to act if new information comes their way and re-open any previous cases against clubs.</p> <p>The statement read: “If new information comes to light that may be material to this assessment, UEFA will use that to challenge the figures and will seek explanation, clarification or rebuttal from the club concerned.</p>     <p>“UEFA conducts an annual assessment of all clubs against the break-even requirements of FFP on a rolling three year basis.</p> <p>“This includes a thorough assessment of clubs’ financial positions on the basis of both the information disclosed by the clubs (based on their independently audited financial statements) as well as a number of compliance checks and analysis undertaken by UEFA (including independent external audits).</p> <p>“Should new information suggest that previously-concluded cases have been abused, those cases may be capable of being re-opened as determined on a case by case basis.</p> <p>“This approach is applied universally to all clubs that apply for a UEFA licence and participate in European club competitions.”</p> <p><strong>Don&#039;t Miss:</strong> <strong>Subscribe to Sport News.</strong></p> <br />
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