Manchester City £50m FFP fine will fund rival clubs including Arsenal, Chelsea and Manchester United confirm UEFA
* City fined £50million for breaking financial fair play regulations
* Could be reduced to £20million if they comply with rules in future
* Money will be shared around European clubs who did meet requirements
* Clubs will meet to discuss changes to the rules in October
UEFA have confirmed that Manchester City's £50million fine for breaching financial fair play rules will be shared out around the other clubs in the Champions League.
The first payments from City, Paris St Germain and Zenit St Petersburg (the other clubs who broke FFP rules last season) will total £20million.
They will be split among the Champions League and Europa League clubs who did comply with the rules last season, including Premier League rivals Arsenal, Chelsea and Manchester United.
City were fined £50million for the FFP breaches but will only have to pay around £20million if they comply with the break-even rules in future seasons.
A similar sum will be distributed to clubs who comply with the FFP rules in this season's European competitions.
European Clubs' Association chairman Karl-Heinz Rummenigge said UEFA had agreed the fines should go to the other clubs.
He told a news conference in Geneva last week: 'It was an agreement between UEFA and the clubs that it was money belonging to the clubs.'
The clubs will have a chance to argue any changes to FFP rules at a meeting with UEFA on October 13.
Advantage: The money City have been fined will be redistributed to other Champions League clubs
UEFA president Michel Platini said in his speech to the ECA: 'The framework for financial fair play must be dynamic, it must evolve constantly, which is why I have convened an important round table on the subject with your representatives at UEFA headquarters on 13 October.
'We will see whether any imperfections can be ironed out and whether there is room to further improve the system.'
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