UEFA's 'settlement' terms for Manchester City over their failure to comply to Financial Fair Play laws has been revealed. The Telegraph says City have been offered a punishment which includes a combination of financial and sporting sanctions - if they agree not to fight their guilty verdict.

The latter penalty would leave the club unable to register a full 25-man squad for the Champions League next season, potentially denying them use of millions of pounds worth of their own talent and hurting their ability to recruit players this summer.

City were given until Thursday to agree what is known as a "settlement" offer with the CFCB, a sanction which is open to negotiation but only to moderate effect.

Paris St-Germain are the other big name to have been found guilty of breaching FFP by the CFCB's investigatory chamber and they were also made a settlement offer including financial and sporting sanctions.