City chairman hits out at UEFA

Manchester City chairman Khaldoon Al Mubarak has hit out at UEFA for imposing FFP sanctions on the club, insisting their long-term project is a sustainable one.

Last Updated: 21/05/14 at 12:37 Post Comment

Khaldoon Al Mubarak: Not happy with UEFA action

Khaldoon Al Mubarak: Not happy with UEFA action

More of the games that matter

Upgrade in minutes or watch with a NOW TV Day Pass.

The Premier League champions face a wage cap on their players, a Champions League squad that will be restricted to just 21 players, a limit of £49million net spend in the upcoming transfer window and a record £49million fine for breaking the Financial Fair Play regulations.

The club have decided against contesting UEFA's sanctions but, despite accepting the charges, Khaldoon is adamant City's financial model is not one that should be scrutinised, with the club free from debt.

"We have a sustainable project today, in Manchester and across the board in the City Football Group," Khaldoon told the club's official website.

"We have zero debt. We don't pay a penny to service any debt. For me, that is a sustainable model.

"However, our friends at UEFA seem to believe otherwise. They have their view, we have ours.

"I disagree with their views, but we are pragmatic and one thing our fans need to know, we will do, as always, what is best for this club and the fans and if that means sometimes we have to take a pinch, we will take a pinch and move on."

Six-year journey

Khaldoon also revealed City are on course to break even this year and make a profit next year, meaning they will avoid much of the substantial fine imposed on them.

And he insists all of this is part of the plan the club's owners started six years ago, believing their investment is going a long way.

"Six years ago we started a journey of investment. We invested in the club and in Manchester - the club was 20th in terms of revenue among clubs in Europe," Mubarak added.

"It was very challenging and had a lot of debt, poor infrastructure and difficulties attracting talented players to compete to win leagues domestically and in Europe.

"Over six years, step by step, we have invested in this club, in the stadium and in the best youth facilities in Europe that will come onstream this year as we try to see the success of our commitment to youth.

"This has been a strategy, to invest in top players from around the world, good players, talented players, good people.

"This year, we will break even and next year we will go into profitability, while maintaining everything I mentioned. We will keep investing in the club at every level - we will keep investing in youth."

More of the games that matter

Upgrade in minutes or watch with a NOW TV Day Pass.

Related News

Most Commented

Readers' Comments

S

o Brendan is full of sh!t, who'd have thought it eh?

fatbob30
Carroll accuses Rodgers

P

resumably, you wanted to keep the version of Downing that was never seen at Anfield. The one that another manager has managed to re-create. The one you passed over.

badwolf
Rodgers: I wanted to keep Downing

T

he uber commercialisation of the 90s has led to the point where this overly familar, try hard, jolly hockey sticks type fronts up a major football match on a weekly basis. Unlike the great presenters of yesteryear, I doubt he would even recognise the scent of Brut.

mufc phil
Football On TV: Jake Humphrey

Footer 365

Sky Bet Championship: Derby and Middlesbrough keep up pressure with wins

Grant Leadbitter kept up his perfect penalty record this season as Middlesbrough won 1-0 win at Brentford, while Derby beat Cardiff 2-0.

Transfer news: Darren Fletcher's proposed move to West Ham from Manchester United breaks down

Manchester United's Darren Fletcher move to West Ham seems over with both managers saying negotiations have broken down.

Premier League: Daniel Sturridge scores on return as Liverpool beat West Ham 2-0

Daniel Sturridge scored on his return as Liverpool registered a 2-0 win over West Ham to leapfrog their opponents in the table.

Mail Box

'Costa Is A Bad Man. Suarez Is Not'

That's quite some claim. And yes, unfortunately we are still talking about this. We also have mails on Ronaldinho, possible replacements for Yaya Toure and more...

Red Mist Better Than Calculated Costa?

Hmmm. We're not sure about this argument - one Mailbox says Luis Suarez is easier to forgive because he is a little loco. We also have mails on Studge and more...

© 2015 Sky Ltd. All Rights Reserved A Sky Sports Digital Media company