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SBD Global/May 9, 2014/Finance

Paris St. Germain Escapes FFP Violation With $34M Fine, Report Says

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UEFA is "set to further infuriate Manchester City" by announcing that Ligue 1 Paris St. Germain will face only a £20M ($34M) one-off fine "for breaching Financial Fair Play regulations," according to Samuel & Wheeler of the London DAILY MAIL. Man City is "already upset with European football's governing body" over proposals to fine it £49M ($83M), payable in three installments, and "impose sanctions that would cut their Champions League squad cut from 25 to 21." It was thought that "big-spending PSG would face a similar 'settlement.'" PSG "will face a significantly smaller fine." The move "will incense" Man City's Abu Dhabi owners, who "feel harshly treated" after reducing their annual losses from £98M to £52M over the past two years. Man City is "believed to have until Friday to accept the settlement or appeal" (DAILY MAIL, 5/7).
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