Man City will get word of the UEFA sanctions later this week (Getty)

(WFI) Although UEFA is not confirming it, Manchester City and Paris St-Germain are believed to be among a group of clubs set to be handed sanctions for breaching its financial fair play rules.

The clubs have reportedly been offered settlements by European football’s governing body. They are not expected to receive the harshest penalty – exclusion from the next season’s Champions League.

Under UEFA’s rules, punishments could include anything from a reprimand to a fine to “withholding of revenues from a UEFA competition” or restrictions on registering new players in UEFA competitions next season.

UEFA’s Club Financial Control Body meets on Thursday. A UEFA spokesman told INSIDER the announcement on sanctions for clubs in breach of the regulations may not come on Friday but early next week.

City and PSG along with a dozen or more clubs can choose to accept the punishments or try to negotiate lesser sanctions. An adjudicatory panel will make the final ruling, if no agreement is reached between the clubs and UEFA.

Under the FFP rules, from this season clubs have to make sure they comply with break-even requirements. In principle, it means they cannot spend more than they earn.

The aim is to prevent billionaire owners from buying their way to success.

Manchester City are bankrolled by owner Sheikh Mansour bin Zayed al Nahyan; PSG’s majority owner is Qatar Investment Authority, a sovereign wealth fund of the gas-rich Gulf state.

Clubs are limited to losses of €45m for this season and next and €30m for the three seasons after that. Money spent on stadiums, training facilities and youth development are excluded from the break-even calculation.

By INSIDER editor Mark Bisson

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