The Japan Times - Man City, PSG clash at contrasting time for state-backed projects

EUR -
AED 4.097544
AFN 72.522705
ALL 91.329404
AMD 404.130702
ANG 1.997285
AOA 1024.244613
ARS 1692.294199
AUD 1.605178
AWG 2.008323
AZN 1.894705
BAM 1.952615
BBD 2.248053
BDT 137.403431
BGN 1.95531
BHD 0.421298
BIF 3339.633306
BMD 1.115735
BND 1.429443
BOB 13.221199
BRL 5.563945
BSD 1.11614
BTN 106.839913
BWP 15.35568
BYN 3.366349
BYR 21868.410466
BZD 2.244858
CAD 1.593409
CDF 2577.348529
CHF 0.930914
CLF 0.027693
CLP 1089.928143
CNY 7.466667
CNH 7.470204
COP 3566.313768
CRC 508.352648
CUC 1.115735
CUP 26.789306
CVE 110.08545
CZK 24.36883
DJF 198.288797
DKK 7.475108
DOP 67.778238
DZD 150.269415
EGP 58.743127
ERN 16.736028
ETB 182.322562
FJD 2.51353
FKP 0.842805
GBP 0.844807
GEL 2.889664
GGP 0.842805
GHS 13.126356
GIP 0.842805
GMD 82.004076
GNF 9819.807799
GTQ 8.532777
GYD 233.408849
HKD 8.755687
HNL 29.961595
HRK 7.532437
HTG 146.168977
HUF 364.856384
IDR 20005.969437
ILS 3.428789
IMP 0.842805
INR 106.85982
IQD 1692.109825
IRR 1985417.366045
ISK 136.197473
JEP 0.842805
JMD 177.879877
JOD 0.791095
JPY 176.831207
KES 144.766891
KGS 97.57137
KHR 4531.527816
KMF 490.923118
KPW 1004.161282
KRW 1492.563776
KWD 0.347451
KYD 0.930166
KZT 502.831851
LAK 25098.064876
LBP 99955.480153
LKR 369.467396
LRD 190.317884
LSL 18.465352
LTL 3.294476
LVL 0.674897
LYD 7.172302
MAD 10.799386
MDL 19.991036
MGA 5034.788224
MKD 61.573909
MMK 2343.072205
MNT 4012.355066
MOP 9.02228
MRU 44.866019
MUR 53.031222
MVR 17.238095
MWK 1935.543115
MXN 20.388388
MYR 4.557797
MZN 71.306232
NAD 18.465352
NGN 1484.84272
NIO 41.07154
NOK 10.682194
NPR 170.94712
NZD 1.99822
OMR 0.429005
PAB 1.11616
PEN 3.843094
PGK 4.988863
PHP 70.060922
PKR 309.052533
PLN 4.384405
PYG 6349.530053
QAR 4.080245
RON 5.336003
RSD 117.392031
RUB 93.639384
RWF 1645.78621
SAR 4.191561
SBD 9.012989
SCR 15.494378
SDG 671.111594
SEK 11.201725
SGD 1.429223
SHP 0.843019
SLE 27.525788
SLL 23396.411244
SOS 637.948067
SRD 42.026439
STD 23093.466556
STN 24.45923
SVC 9.76707
SYP 14506.789523
SZL 18.459231
THB 37.522037
TJS 10.285832
TMT 3.916231
TND 3.339054
TOP 2.686423
TRY 55.073148
TTD 7.590348
TWD 35.640045
TZS 2945.544365
UAH 50.246747
UGX 4610.315259
USD 1.115735
UYU 44.89597
UZS 13283.097069
VES 977.051128
VND 28938.824605
VUV 133.614489
WST 3.107888
XAF 655.957
XAG 0.018564
XAU 0.000267828628
XCD 3.01533
XCG 2.011647
XDR 0.788883
XOF 655.957
XPF 119.331742
YER 263.466456
ZAR 18.475568
ZMK 10042.952536
ZMW 22.156465
ZWL 359.266288
SSP 6423.881117
MXV 2.302597
  • RYCEF

    0.1000

    19.81

    +0.5%

  • VOD

    -0.2500

    16.33

    -1.53%

  • CMSC

    -0.2800

    20.12

    -1.39%

  • RBGPF

    -2.0000

    65

    -3.08%

  • RIO

    -0.2500

    94.16

    -0.27%

  • BTI

    -1.2000

    54.85

    -2.19%

  • NGG

    -0.3000

    74.94

    -0.4%

  • GSK

    -0.3500

    49.35

    -0.71%

  • BCE

    -0.4200

    20.14

    -2.09%

  • CMSD

    -0.3400

    19.93

    -1.71%

  • BP

    -0.9100

    43.52

    -2.09%

  • RELX

    0.1700

    33.24

    +0.51%

  • BCC

    -0.6200

    75.97

    -0.82%

  • AZN

    -1.9400

    164.21

    -1.18%

  • JRI

    0.0000

    10.77

    0%

Man City, PSG clash at contrasting time for state-backed projects
Man City, PSG clash at contrasting time for state-backed projects / Photo: Paul ELLIS - AFP

Man City, PSG clash at contrasting time for state-backed projects

Manchester City and Paris Saint-Germain have reshaped football with the financial backing of Gulf state owners, but there is a stark contrast in the health of those projects ahead of their latest Champions League meeting on Wednesday.

Text size:

City return to Champions League action for the first time since they were found guilty of breaking Premier League financial rules in a bombshell verdict which could threaten their place in the English top-flight.

PSG strived to follow City's era of sustained success and are now firmly established as Europe's top dogs after successive Champions League titles to go along with their domination of French football.

Abu Dhabi-backed City won the race against Qatar-owned PSG to become European champions first in 2023.

The triumph over Inter Milan in Istanbul that completed a treble of Champions League, Premier League and FA Cup was the pinnacle of City's rise since a 2008 takeover fronted by Sheikh Mansour, the vice-president and deputy prime minister of the United Arab Emirates.

But a cloud now hangs over City's haul of silverware from the past 15 years unless they can overturn the findings of an independent commission on appeal.

City were found to have used "sham" commercial deals with Emirati companies to inflate revenue and reduce costs to the tune of over £900 million ($1.2 billion) between 2009 and 2018.

No sanction has yet been meted out, but a severe points deduction or even expulsion from the Premier League are among the potential punishments.

- Al-Khelaifi shows support -

The Premier League season has been thrust into turmoil while clubs await the appeal verdict, with City sitting top of the table after six successive wins, including a 3-0 rout of Liverpool on Sunday.

Winning the Champions League could be City's only way back into the competition next season.

To do so they will need to stop PSG's quest to join a very select club of sides to win the Champions League or European Cup in three consecutive seasons.

Further UEFA action against City is unlikely as the club successfully fended off European football's governing body when they attempted to act on the same leak of documents in 2018 that led to the Premier League's case.

In 2020, City were found guilty of breaking UEFA's Financial Fair Play rules, fined 30 million euros ($34 million) and banned from playing in European competitions for two years.

But City successfully overturned the ban at the Court of Arbitration for Sport, which ruled that most of the alleged breaches "were either not established or time barred".

In the early days of FFP rules, both City and PSG entered into settlement agreements with UEFA in 2014.

But the French champions have managed to steer clear of such issues since, with president Nasser Al-Khelaifi becoming an influential figure, both as a member of the UEFA Executive Committee and chairman of the European Football Clubs (EFC) organisation.

At a meeting of the EFC in Copenhagen last month, Al-Khelaifi showed support for embattled City CEO Ferran Soriano.

"His career is fantastic and Manchester City did a lot of positive things also, but I am not in a position to judge," said Al-Khelaifi.

"I think that they have the right to appeal, so it is not the final decision."

But a crisis which could eliminate City as a Champions League rival for years to come would be another win for PSG on the field, giving Qatar the upper hand in the soft power battle with regional rivals the UAE.

Y.Ishikawa--JT