All Premier League clubs have been cleared of breaching Financial Fair Play (FFP) and Profit and Sustainability Rules (PSR) for the 2023-24 season.
This marks a rare clean sheet for all 20 teams, who met the league’s financial compliance standards by the December 31 deadline.
The news comes as Manchester City remain embroiled in a high-profile FFP case involving more than 100 alleged breaches between 2009 and 2018.
The outcome of this investigation could set a precedent for how financial rules are enforced moving forward.
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Man City’s ongoing FFP woes
While other clubs celebrate their compliance – for this year at least – Manchester City continue to face uncertainty regarding Financial Fair Play.
The charges against the reigning champions include potential fines, transfer bans, or even expulsion from the Premier League. The case, under review by an independent commission, could deliver a verdict in the next three months.
Despite the looming investigation, City are remaining active in the transfer market, reportedly targeting three signings worth £150million ($182.5m) this January.
This bold approach has raised eyebrows among financial experts, who see it as a “positive signal” of the club’s confidence in navigating the ongoing probe.
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Premier League spending limits spark debate
The Premier League is also considering stricter spending caps aimed at levelling the playing field. The proposed rules would limit top clubs to spending five times the income of the league’s lowest earners.
However, Manchester United and Manchester City have joined forces to oppose these changes, arguing they would weaken English clubs’ competitiveness in Europe.
“If we get relegated, I will be here”
Pep Guardiola when asked about Manchester City’s FFP charges after committing his future to the club until 2026 🗣 pic.twitter.com/Dpie2Mjhov
— Sky Sports Premier League (@SkySportsPL) November 22, 2024
Critics, including the Professional Footballers’ Association, warn such restrictions could deter top talent from joining Premier League teams.
The outcome of City’s legal case may significantly influence these proposed spending caps. A favorable decision for City could embolden other clubs to push back against financial limits, reshaping the league’s economic landscape.
United have had their own worries with regards to complying with the latest PSR rules, with co-owner Sir Jim Ratcliffe tightening the pursestrings at Old Trafford.
