BREAKING NEWS: Manchester City escape transfer ban for breaching FIFA regulations
Manchester City have avoided a transfer ban after FIFA confirmed the club will only receive a fine for breaching regulations relating to the signing of young players.
The Premier League champions have been ordered to pay CHF370,000 (£314,577) for breaching article 19 of FIFA's rules on the status and transfer of players.
However, City will not face a transfer ban like that which FIFA handed down to Chelsea in March for similar offences.
Like Chelsea, FIFA has found City to be in breach of regulations regarding the recruitment of youth players.
LaLiga giants Barcelona, Real Madrid and Atletico Madrid have also been handed punishments for similar offences within the past five years.
However, FIFA's Disciplinary Committee "took into account the fact that Manchester City FC accepted its responsibility", meaning the club was only issued a fine.