Saturday, July 4, 2015

Man City and PSG See FFP Restrictions Lifted

ManchesterCity_2015English Premier League club Manchester City and French Ligue 1 club Paris St. Germain have had their Financial Fair Play (FFP) restrictions on transfer spending lifted by UEFA. Both clubs will also be able to field full squads for the UEFA Champions League.
UEFA's club financial control body (CFCB) has announced the lifting of the restrictions for both City and PSG.
UEFA said in a statement: "The UEFA CFCB has lifted a number of restrictions on transfer activity, employee expenses and number of players in UEFA club competitions imposed on Manchester City FC after the club reached certain targets towards break-even compliance as part of the ongoing monitoring of their settlement agreement.
"The lifting of restrictions is subject to ongoing additional controls and audits.
"The club remains under strict monitoring and has still to meet break-even targets and is therefore subject to some limitations in 2016."
Similar statement was sent out in reference to PSG.

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