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Well...this makes sense...
"The financial year of 2020 has not fallen under FFP rules and will instead be rolled into 2021. Those two years are then to be assessed as a single financial window. Losses over the €30 million threshold will be permitted without punishment, so long as it is clear the deficit came as a result of COVID-19.
And that is where PSG and, in theory, City can flourish this summer."
"Owners of Europe’s elite were permitted by UEFA’s FFP rules to put additional money into their clubs as of last June. Those “emergency measures” were an acceptance that a global pandemic would bring unavoidable losses and that the limit of losing a maximum of €30 million (£26 million) over a rolling three-year period would no longer apply."
So City losing £100mill due to covid is written off. Therefore, the can pump that equivalent into the club and technically spend it without it being a part of FFP.
[Paid Content - Blacklisted]/271273...-spend-while-other-clubs-tighten-their-belts/
"The financial year of 2020 has not fallen under FFP rules and will instead be rolled into 2021. Those two years are then to be assessed as a single financial window. Losses over the €30 million threshold will be permitted without punishment, so long as it is clear the deficit came as a result of COVID-19.
And that is where PSG and, in theory, City can flourish this summer."
"Owners of Europe’s elite were permitted by UEFA’s FFP rules to put additional money into their clubs as of last June. Those “emergency measures” were an acceptance that a global pandemic would bring unavoidable losses and that the limit of losing a maximum of €30 million (£26 million) over a rolling three-year period would no longer apply."
So City losing £100mill due to covid is written off. Therefore, the can pump that equivalent into the club and technically spend it without it being a part of FFP.
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