City are challenging the sanctions (Getty)

(WFI) Manchester City and Paris Saint Germain face fines of €60m over three years and restrictions to their squad sizes for next season’s Champions League after breaking UEFA’s financial fair play rules.

The Press Association reports that City face being limited to a 21-man Champions League squad instead of 25 players.

A wage cap on next season’s Champions League squad is also part of a settlement offer being challenged by the club.

Similar sanctions face Ligue 1 leaders Paris Saint Germain, according to French sports daily L’Equipe.

Sponsorship deals related to each clubs’ owners are not in compliance with UEFA’s FFP rules – City owner Sheikh Mansour was behind a £40million-a-year deal with Etihad Airways, while Qatar-owned PSG are sponsored by Qatar Tourist Authority.

In total nine clubs face sanctions for breaching the FFP rules.

The clubs have until the end of the week to reach a deal with UEFA over the sanctions. European football’s governing body is expected to make an announcement on the sanctions by the end of next week or early next.

An adjudicatory panel would rule on punishments to be handed down, if no agreements are reached by the clubs.

By INSIDER editor Mark Bisson

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