From today's Daily Telegraph
"Every Premier League club would get a slice of Manchester City’s world-record fine for breaching Uefa’s Financial Fair Play regulations under plans being drawn up by European football’s governing body.
Even relegated Norwich City, Fulham and Cardiff City would receive their cut of what could end up being £50 million surrendered by the Premier League champions after their £1 billion spending spree under Sheik Manour bin Zayed al Nahyan fell foul of FFP rules.
The Daily Telegraph has learnt that Uefa president Michel Platini and general secretary Gianni Infantino plan talks with the chairman of the European Club Association, Karl-Heinz Rummenigge, to discuss precisely how to redistribute the fines levied from the FFP sanctions announced last week.
Platini and Infantino want what is a pot worth up to £114.5m to be shared not only among all 237 clubs competing in Europe this season and next but also teams in domestic leagues affected by their rivals’ overspending.
That would apply to five countries, including England, meaning a total of around 300 clubs stand to benefit from the transgressions of City, Paris St Germain and seven other sides.If the money is distributed evenly, the most any team could hope to receive is approximately £380,000, although it may be as little as £138,000 if those guilty of FFP breaches avoid paying their whole fine by fulfilling certain obligations.
Uefa is hoping the prospect of such solidarity payments will reduce the threat of clubs appealing the settlements agreed with those who broke the rules.
It is understood no team has yet mounted a formal challenge ahead of Monday’s deadline for doing so. The Telegraph has learnt that Liverpool, Chelsea, Arsenal, Tottenham Hotspur and Manchester United have no plans to appeal City’s penalty. Everton, who stand most to gain if the Manchester club are expelled from the Champions League after finishing fifth in the Premier League, are thought to have little appetite to do so either.
Speaking for the first time since City were found guilty, chairman Khaldoon Al Mubarak defended the spending which landed the club in trouble. In what could be perceived as a subtle dig at debt-laden United, Al Mubarak claimed FFP preserved the wrong type of financial model. He told City’s website: “We don’t pay a penny to service any debts. For me, that’s a sustainable model. However, our friends in Uefa seem to believe otherwise. They have their view, we have ours.
“I disagree with their views but we are pragmatic. If it means sometimes to take a pinch, we’ll take a pinch.” The biggest current threat to FFP will be removed in the coming weeks after the Europe Commission indicated it would snub a legal challenge to the cost-control measures led by the man who helped bring about the Bosman ruling.
The EC has formally notified European football’s governing body that it intends to reject the complaint filed by Italian agent Daniel Striani, who claimed FFP broke European Union competition laws.
Striani, represented by Bosman lawyer Jean-Louis Dupont, has also been sent a letter making it clear the EC “does not intend to conduct a further investigation” into his allegation.
In its preliminary conclusion after more than a year considering Striani’s complaint, the Commission ruled he had no “legitimate interest” to bring it in the first place.
It noted any effects of FFP on the activities of player’s agents were “indirect and speculative” and said claims the measures would result in a decrease of transfer activities or transfer fees were “not substantiated”.
A final decision formally rejecting the complaint is expected in a few weeks."
Bloody ridiculous that Premier League clubs should receive a penny of this and if they do they should collectively volunteer to set up a fund with the money to donate it to football at grass-roots level. The amounts involved would pay a couple of players' weekly salaries for each team yet could pay salaries for a number of full and part time coaches, facility improvements, transportation, new pitches etc.
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Just another reason why the Premier League (as opposed to just Scudamore) needs to be abolished and replaced by a single governing body for football in this country (not led by Greg Dyke), and probably with a regulator appointed by Parliament (OFFOOT).
The idea is that they are repaying the people who suffered as a cause of their overspend... Makes sense to me... :S
English fans are sleepwalking their way towards the FAPL as a closed franchise. Thankfully there are bodies such as Supporters Direct who see through it.
Also I would suggest that Man City overspending will have no, direct, impact on the financial stability or competitive advantage that exists in the forth division, or below, where clubs would call themselves professional.
The original plan of the Football League's FFP was for any fines raised to be distributed among the other clubs, who had not broken the rules.
The Premier League, including their relegated clubs on parachute money, decided this wasn't in their interests and put pressure on the FL - by threatening to withhold funds distributed down the leagues - to amend the new rules so that funds went to charity instead.
As always...one rule for them and one for everyone else.
If only the original recommendations had been taken up and serious point deductions, instead of or in addition to fines, were in place.
In fairness he's probably made 50m since this thread was started
I agree with TelMc32, the punishment should be something that money can't buy. A points deduction or sling them out of a competition or ban them from signing any more players until they have got their accounts to comply.
The issue, however, is that the rules have been designed to protect all clubs but the end result is that they have limited all spending, not just the spending of borrowed money.
Know other countries have been suspended/threaten with suspension for similar in the past.