Manchester City to spend big after Uefa lift restrictions
Manchester City have had their restrictions on transfer spending and Champions League squad size lifted after meeting their financial fair play target, Uefa has announced.
City manager Manuel Pellegrini was ordered to play in last year's Champions League with only 21 players in the squad and spending on new signings in last summer's transfer window was capped at £49m as punishment for breaching FFP rules. The club also agreed that total wages last season's Champions League squad must not exceed that of the 2013-14 season.
The club were also fined £16.3m a year for three years totalling £49m, but only the first year's fine has been imposed. City's settlement agreement with Uefa means they still have to hit targets they agreed with the European governing body for 2016.
Uefa said: "The Uefa CFCB has lifted a number of restrictions on transfer activity, employee expenses and number of players in Uefa club competitions imposed on Manchester City FC after the club reached certain targets towards break-even compliance as part of the ongoing monitoring of their settlement agreement.
"The lifting of restrictions is subject to ongoing additional controls and audits.
"The club remains under strict monitoring and has still to meet break-even targets and is therefore subject to some limitations in 2016."