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LISBON: Manchester City President Khaldoon Al Mubarak has said his club will expand a “constructive relationship” with European football’s governing body, UEFA, after the end of its sour legal war over monetary rules.
UEFA had banned City from competing in Europe for two years after noting that it had violated the rules of fair money (FFP), but City won an appeal last month to overturn the verdict and sanction.
However, the Premier League club fined 10 million euros ($11.84 million) for failing to cooperate with UEFA’s investigation into its monetary statements.
City had strongly condemned the investigation, but in an interview with the club on Monday, Khaldoon took a different tone by focusing on the UEFA Champions League, where Pep Guardiola’s appearance was eliminated in the quarter-finals via Olympique Lyonnais.
“Life is too short to hold a grudge. It’s a vital festival. It’s one of the most prestigious festivals in the game world and it’s a festival we have to win and it’s a festival that we have to respect to win,” he said. .
“And it was a challenge, it’s us, end of story as far as I’m concerned, I focus on one thing. How can I help this club compete in this festival and win it and how to have a constructive courtship? with UEFAArray I think this is the only way forward.”
The City, one of the most spending on European football, has already been busy in the play market, bringing defender Nathan Ake of Bournemouth for 40 million pounds ($52.56 million) and Spanish 20-year-old Ferran Torres of Valencia. deal about 20 million pounds.
Khaldoon said the club had moved temporarily to close the deals, but added that new faces may come.
“We’re adopting a one-year vision, we’re adopting a vision of three, five, ten years, and when we look at the adjustments or innovations we want to make in this team, we’ll do them and we’re going to be practical and pragmatic about it, but we’re going to do the right thing,” he added.
“There are more players that we are going to incorporate and stick to the plan, obviously in the realities of the market we are in today,” he said.
FFP regulations are designed to prevent your clubs from incurring giant losses when buying players. They also claim that sponsorship agreements are based on the actual market price and are genuine advertising deals and not a means for owners to inject cash into a club to circumvent the rules.
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(Report through Simon Evans; Edited through Ken Ferris)