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Manchester City freed of FFP penalties


Manchester City have had the penalties imposed on them for breach of Uefa's financial fair play rules lifted.   They have been subject to limits on transfer spending and Champions League squad size.  Paris Saint-Germain have also had their sanctions removed.

City were also fined £49m spread over three years, but only the first £16.3m has had to be paid,

What this suggests is that Uefa are prepared to use the FFP rules to give errant clubs a warning shot across the bows, but are also are prepared to be forgiving when they come into line.

Some reports suggest that City will now embark on a major summer spending spree.