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Feb 8, 2013

Mancini against new financial regulations

Roberto Mancini has come out against the Premier League's new Financial Fair Play rules, declaring that wealthy owners should be allowed to bankroll their clubs.

Manchester City, who have a net spend of £179 million under Mancini, were one of six top-flight clubs to vote against the regulations to control spending, which will take effect from next season.

Clubs will be limited to losses of £105m over a three-year period and those with a wage bill of £52m or over will only be allowed to increase it by £4m per year, plus any extra money earned from commercial and match-day revenue. Points deductions could be applied to those who over-spend.

And Mancini said: "I do not agree with this rule. If I am a rich man, I want to spend all my money on my team."

Since his 2008 takeover, City owner Sheikh Mansour has spent an estimated £1 billion on transfer fees and wages for City, who announced an annual loss of £98m for 2011-12, and Mancini believes the change in regulations benefits the established order and will make it harder for other mid-table clubs to propel themselves into title contention.

He added: "It is clear with this rule it is more difficult than 10 years ago. In the past there were a lot of teams who spent a lot of money and they have this also now."

Mancini said City will abide by the rules but believes it is harder for them to get value-for-money in the transfer market because other clubs inflate the asking price when they are interested.

He explained: "It is also true that every time that Manchester City moves for a player, if his value is £10m, they ask for £30m. There should be other rules for this because sometimes you want to buy a player for £10m or £12m but it's £30m for Manchester City."

The City manager also called for life bans for any players who are guilty of match-fixing.

A Europol investigation uncovered hundreds of games that may have been fixed by a worldwide betting ring and Mancini said: "I can't believe what I read in the newspapers. This is incredible. If there are some players who do this, they should finish playing football."

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