Man Utd debt could mean FFP fine as Man City petition Uefa
City complain over clubs with huge debts as Arsenal get Champions League seeding blow
A bitter new front in the rivalry between Manchester United and Manchester City could begin off the field as Uefa discusses plans to tweak its Financial Fair Play rules to cover clubs saddled with huge debts.
So far Manchester United have not fallen foul of the FFP regulations as, on paper, the club is run at a profit. However, they are also £350m in debt thanks to the deal that saw the Glazer family take over the club in 2005.
"United have sailed through Uefa's existing FFP tests, which focus exclusively on preventing clubs recording annual losses," says the Daily Telegraph. "But European football's governing body has arranged a meeting on Monday to discuss potential tweaks to the regulations, amid criticisms it punishes over-investment but not the accumulation of debt."
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Among those clubs attending the meeting will be Manchester City and Paris Saint-Germain, who have both fallen foul of the regulations, thanks to the lavish spending of their owners.
"Both clubs have long argued that because their losses are covered by cash from their owners, whereas rivals such as Manchester United and Real Madrid are allowed to continue to carry large debts, the rules are unfair," explains The Guardian.
Manchester City chairman, Khaldoon al-Mubarak has defended the way City is run. "We have zero debt. We don't pay a penny to service any debt. For me, that is a sustainable model," he said. "However, our friends at Uefa seem to believe otherwise."
The Uefa meeting could also do City another favour by changing the seeding system for the Champions League, which has left the club unseeded despite being champions of England, and rewarded others like Arsenal for their qualification record over many years.
From next season the seeded teams will be Champions League winners plus the league champions from Uefa's seven top-ranked nations.
The move "signals the end of teams who finish second, third or even fourth in their domestic leagues having a chance of a top seeding", says The Times. "Although City have been champions in two of the past three seasons, they have been placed in the second or third pot whereas Arsenal, who have finished fourth, fourth and third in the past three campaigns, have remained a top seeding."
This season City, the Premier League champions, are in a group with the German and Russian league winners.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
-
Will California's EV mandate survive Trump, SCOTUS challenge?
Today's Big Question The Golden State's climate goal faces big obstacles
By Joel Mathis, The Week US Published
-
'Underneath the noise, however, there’s an existential crisis'
Instant Opinion Opinion, comment and editorials of the day
By Justin Klawans, The Week US Published
-
2024: the year of distrust in science
In the Spotlight Science and politics do not seem to mix
By Devika Rao, The Week US Published
-
Why Man United finally lost patience with ten Hag
Talking Point After another loss United sacked ten Hag in hopes of success in the Champion's League
By The Week UK Published
-
The 'Swiss model' shaking up the Champions League
In the Spotlight Uefa says the new format offers 'greater excitement' but critics say boredom is guaranteed
By Chas Newkey-Burden, The Week UK Published
-
The wit and wisdom of Sven-Göran Eriksson
In Depth The first foreign coach to manage England on football, life and death
By The Week Staff Published
-
The Premier League's spending cap: levelling the playing field?
Talking Point Top clubs oppose plans to link spending to income of lowest-earning club, but rule could prevent success gap from widening
By Harriet Marsden, The Week UK Published
-
English football and the etiquette of leaving the stadium early
Talking Point The belief that 'true fans stay to the end' does not always apply
By The Week UK Published
-
The European Super League: a 90th-minute reprieve?
In the Spotlight A European court ruling has potentially breathed new life into the breakaway football league
By Richard Windsor, The Week UK Published
-
Manchester United and Mason Greenwood: duty of care or double standards?
Talking Point The 21-year-old footballer’s possible return has provoked an outpouring of dismay from supporters
By Jamie Timson Published
-
2023-2024 Premier League predictions: champions, relegation and golden boot
feature A look at the top flight talking points and pundit picks for the new season
By Mike Starling Published