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Manchester City fined £49m for breaking Uefa spending rules

Manchester City have been fined €60m (£49m) 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.

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Man City: Uefa transfer fine is 'compromise agreement'

Manchester City have defended their action over transfers but said they have accepted Uefa's £49m fine as part of a "compromise agreement" with European football's governing body.

The recently crowned Premier League champions said there had been a "fundamental disagreement" over the interpretation of the Financial Fair Play (FFP) regulations on players bought before 2010.

Manchester City said the new 21 player Champions League limit matched the number the club used in last season's campaign. Credit: Press Association Images

The club statement also played down the implications of Uefa's squad restriction and spending limits that were handed down along with the fine.

City said it had no plans to exceed a £49m net limit on new players this summer and said the "existing MCFC business plan" anticipated a "natural decline" in the club's wage bill.

The club said it only used 21 players in last season's Champions League, so already adhered to the newly enforced limit.

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