Football

City meet with UEFA

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Manchester City chief executive Garry Cook has revealed there have been conversations between the club and UEFA over how they intend to meet new Financial Fair Play regulations.

Given the grandiose plans for land around the stadium, it is estimated Etihad Airways have pledged £300million over the next 10 years for a range of projects that include renaming City's home the Etihad Stadium. Even so, it will not come close to wiping out losses in excess of £120million posted in City's last accounts, to May 2010, which leave them in jeopardy of failing to meet FFP.

"We have a very open dialogue with UEFA," said Cook, "We have had several meetings with UEFA about our plans and they are very supportive of Manchester City's ambition."

He added: "There are many football clubs who have the backdrop of regulation that is being placed into the world of football. We are no different to any other football club."

A special Airbus-330, with a City livery, will fly between Manchester and Abu Dhabi as part of the deal, which also includes an extension to Etihad's present shirt sponsorship and the renaming of an area around City's stadium, now known as the 'Etihad Campus'.

Having made the mistake of trumpeting rather too loudly his view of City's future direction, and been left with egg on his face when Manchester United beat the Blues in a 2010 Carling Cup semi-final, Cook is wary of saying too much at such an early stage of the summer.

"I have got into trouble with this one before," he laughed.

"We will look to continue our growth, on and off the pitch.

"Our ambition for next year means we are competing in a new competition - the Champions League -, plus the three others.

"We will endeavour to be successful in all four."

Copyright (c) PA Sport 2009, All Rights Reserved.

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Topics:
European News
Football
Manchester City
League Cup
Chelsea
Premier League
UEFA Champions League
Manchester United

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