But such spending has raised questions about whether clubs would be able to comply with the Uefa financial fair play regulations.
The payment to the 24 teams was ready to destroy UEFA Financial Fair Play before it had a chance to take hold.
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With the advent of UEFA Financial Fair Play and record losses, common sense would dictate that the clubs should use their new (additional) wealth as a way to re balance operations.
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That is nothing close to what some of the big clubs in Europe would be willing to pay him and still stay the right side of UEFA Financial Fair Play regulations.
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Doncaster also expressed his opposition to Uefa's financial fair play plans, which would stop rich owners from bankrolling clubs.
Concerns have been raised that the deal has been inflated to help City meet Uefa's financial fair play rules.
The new income from the Nike deal will help boost Manchester City's commercial revenues as UEFA's Financial Fair Play rules come into effect.
With costs escalating and UEFA's Financial Fair Play regulations which limit a club's annual losses on the horizon, it makes sense to invest in youth.
And with UEFA's Financial Fair Play a set of regulations that limit the amount of losses a club can sustain over a given period now in effect, Bayern's competitive advantage will only increase.
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Allied to initiatives such as UEFA's Financial Fair Play rules, perhaps this will see a game in England that is balanced less precariously, and fit for a long term and sustainable future.
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Judging by the million-dollar football salaries, you'd be forgiven for thinking the UEFA's Financial Fair Play regulations -- agreed in 2009 as a way of controlling clubs' ever-rising expenditure -- had done little to stem spending.
UEFA's Financial Fair Play regulations, which begin in 2014 and limit a club's losses over a given period, are turning soccer into a buyer's market in which habitual big spenders are unwilling to throw money around.
"Clubs are now in a reporting period that will count towards the first assessment of UEFA's financial fair play break-even requirement for international competition and Premier League clubs are also considering the implementation of additional cost control regulation at a domestic level, " added Jones.
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These debts will need to be paid sooner rather than later, as UEFA recently passed a Financial Fair Play law that requires teams to at least break even in their finances.
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But the new rules do stop short of Uefa president Michel Platini's "Financial Fair Play" proposals, which are due to be approved by Uefa's Executive Committee this week.
From 2013-14 season Premier League clubs looking to participate in Uefa competitions will need to adhere to its financial fair play rules.
These numbers matter because they show the club is a long way from meeting the Financial Fair Play requirements laid out by UEFA, the sport's governing body in Europe.
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Separately from the Uefa regulations, the Premier League is bringing in a form of financial fair play of its own.
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