Today, news broke that Manchester City’s two-year Champions League ban has been overturned by the Court or Arbitration for Sport.
It was decided that they did not disguise equity funding but failed to co-operate with UEFA, meaning the punishment is only a £10m fine.
That’s a £10m fine for years of systematic, proven cheating – revealed by a whistleblower who is currently in Portuguese jail.
Liverpool have played by the rules of FFP for ten years. We spend what we can afford. We release truthful figures. This decision is an absolute farce and if UEFA have an ounce of credibility, they’ll scrap FFP.
It clearly doesn’t mean anything and will now no longer be any kind of deterrent for teams looking to break it.
Below is the reaction from Reds online. What an absolute joke.
Manchester City have won their CAS appeal. Club did not disguise equity funding, but failed to co-operate with Uefa authorities. Ban lifted, £10m fine pic.twitter.com/w6TopvnTkl
— Melissa Reddy (@MelissaReddy_) July 13, 2020
FFP doesn't exist, if you are rich enough you can do whatever you want
— LEON 🇯🇲 (@SirLeonP) July 13, 2020
The death of FFP. We've been playing by the rules for ten years under FSG, and for what?! Complete farce. May as well just scrap it now.
— Empire of the Kop (@empireofthekop) July 13, 2020
https://twitter.com/PlayersTrombone/status/1282594266368417793
Can anyone tell me what’s the point of FFP? Doesn’t make any sense.
— Karl (@KarlThyer) July 13, 2020
FFP in the mud.
— Sam McGuire (@SamMcGuire90) July 13, 2020
https://twitter.com/kevmacca10/status/1282596296323477504
https://twitter.com/TheKopSings/status/1282596296667299840
https://twitter.com/OwenPainting15/status/1282596285447639041