Manchester City, PSG found to have breached FFP rules of UEFA

London: Top Premier League side Manchester City and French leaders Paris St-Germain have reportedly been found to have breached the financial fair play (FFP) rules of UEFA.

Under 20 clubs in total are understood to have failed to meet the criteria and they must now decide whether to accept the offered sanctions or try to negotiate a lesser punishment that may vary from a reprimand to a fine or European squad restrictions next term.

According to the BBC, the clubs have received settlement offers from the European football governing body's club financial control board and the outstanding cases will go to an adjudicatory panel for a final decision if an agreement cannot be reached.

UEFA president Michel Platini recently said that he did not think any of the clubs who breached rules, which limit losses to 37 million pounds over the last two years, would be liable to the most powerful sanction of being excluded from European competition next season.