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Manchester City says it has decided to enter into a compromise agreement with UEFA over a breach of financial fair play rules.
It comes after the club was fined £49million and handed a reduction in their Champions League squad for next season from 25 to 21 players.
The club said expenditure on new players for the upcoming summer transfer window, on top of income from players it might sell, will be limited to 60million euros but that this will have no material impact on planned transfer activity.
Manchester City have been fined 60 million Euros (£49million) and handed a reduction in their Champions League squad for next season from 25 to 21 players for breaching UEFA's financial fair play rules.
UEFA announced the sanctions in a statement - but City will have 40million euros of the fine returned if the Premier League champions comply with spending controls agreed with UEFA.
Manchester City have accepted the sanctions, which also include a salary freeze on their Champions League squad for the next two seasons, and to "significantly limit spending in the transfer market for seasons 2014/2015 and 2015/2016", said UEFA in a statement.
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Manchester City insist UEFA sanctions limiting spending on transfers next season will not have a major impact on their campaign.