- City fined £50million for breaking financial fair play regulations
- Could be reduced to £20million if they comply with rules in future
- Money will be shared around European clubs who did meet requirements
- Clubs will meet to discuss changes to the rules in October
Manchester
City's huge fine for breaching UEFA's financial fair play rules is to be
shared out around the other clubs in the Champions League.
City
were fined £50million for the FFP breaches but will only have to pay
around £20million if they comply with the break-even rules in future
seasons.
The
first tranche of payments from City, Paris St Germain and Zenit St
Petersburg will total £20million and will be split among the Champions
League and Europa League clubs who did comply with the rules last
season.
A similar sum will be distributed to clubs who comply with the FFP rules in this season's European competitions.
European Clubs' Association chairman Karl-Heinz Rummenigge said UEFA had agreed the fines should go to the other clubs.
He told a news conference in Geneva: 'It was an agreement between UEFA and the clubs that it was money belonging to the clubs.'
The clubs will have a chance to argue any changes to FFP rules at a meeting with UEFA on October 13.
UEFA
president Michel Platini said in his speech to the ECA: 'The framework
for financial fair play must be dynamic, it must evolve constantly,
which is why I have convened an important round table on the subject
with your representatives at UEFA headquarters on 13 October.
'We will see whether any imperfections can be ironed out and whether there is room to further improve the system.'
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