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Inter Milan coach Roberto Mancini has voiced his frustration at Uefa's Financial Fair Play rules, saying they are the reason he has had to sell some of his best talent this summer.
Switzerland international Xherdan Shaqiri left the San Siro last week to join Stoke for a club-record £12m fee for the Premier League side.
He is set to be followed out of the door by fellow midfielder Mateo Kovacic, who is on the verge of joining Real Madrid for a reported £25m.
Mancini admits he did not want either player to leave but felt he had no choice because of the Financial Fair Play rules introduced by Uefa in a bid to stop clubs from overspending.
He told the club's official website:
There are rules that have to be respected. I don't think anyone wanted this to happen but we have the Financial Fair Play regulations to follow.
We're all sorry about it: myself, the president, the management and the players themselves. He (Kovacic) and Shaqiri both left for the same reason.
Former Man City manager Roberto Mancini believes Liverpool striker Mario Balotelli is "wasting" his professional career.
The pair worked together during Mancini's first spell at Inter and again at Man City, before Mancini was dismissed and Balotelli moved to AC Milan.
The Italian striker failed to live up to Milan's expctations and was offloaded to Liverpool last summer, where things have gone from bad to worse both on and off the field.
Speaking to Corriere della Sera Mancini, currently enjoying a second spell in charge of Inter, said:
I have not heard from Mario since we worked together at Manchester City. He was still a kid when we were together at Inter. He would do anything I asked him and he also behaved well at City.
It has all gone downward a bit since he left City. I thought he would do well at Milan, but it didn’t happen.
Mario is at risk of following the same path as Adriano. I hope that he wakes up one morning and realises that he is wasting everything.
Manchester City have announced that Assistant Manager David Platt has left the club.
They've issued the following statement.
"With regret Manchester City announce that David Platt has this afternoon left his role as Assistant Manager at the Club.
David was offered the opportunity to continue his work with us but has declined the invitation. He has decided to leave his role with his close friend Roberto Mancini.
David has made a significant contribution to the Club’s success since joining in 2010 and we wish him well with his career wherever that now takes him."
Malaga manager Manuel Pellegrini is currently the odds-on favourite to take over at Manchester City.
Jose Mourinho, widely reported to be in line for a return to Chelsea, is a 7-1 second favourite to get a move to Manchester, while current PSG boss Carlo Ancelotti is a 16-1 outsider.
Manchester City sacked Roberto Mancini exactly one year after they won the Premier League title thanks to a late Sergio Aguero goal.
Manchester City's assistant manager Brian Kidd will take charge of the remaining two fixtures of the season and the post-season tour of the United States, the club announced.
Manchester City fans have started to react on Twitter to the decision to sack manager Roberto Mancini:
Thank you Roberto. You will be respected by me forever for bringing the good times to Manchester City. Always have a place for you. #MCFC
properly gutted, so undeserved and to do it a year on from winning the league... shown him no respect at all #mcfc
It is with regret that Manchester City Football Club announces that Roberto Mancini has been relieved of his duties as Manchester City Manager.
This has been a difficult decision for the owner, Chairman and Board to make and it is the outcome of a planned end of season review process that has been brought forward in light of recent speculation and out of respect for Roberto and his extensive contributions to the Football Club.
Despite everyone’s best efforts, the Club has failed to achieve any of its stated targets this year, with the exception of qualification for next season’s UEFA Champions League.
This, combined with an identified need to develop a holistic approach to all aspects of football at the Club, has meant that the decision has been taken to find a new manager for the 2013/14 season and beyond.
Chairman Khaldoon Al Mubarak said: “Roberto’s record speaks for itself and he has the respect and gratitude of Sheikh Mansour, myself and the Board for all of his hard work and commitment over the last three and a half years.
"He has clearly also secured the love and respect of our fans. He has done as he promised and delivered silverware and success, breaking the Club’s 35-year trophy drought and securing the title in 2012.
"I would like to personally and publicly thank him for his dedication to the progress that he has overseen and for his support and continued friendship."