Etihad Stadium boss to take the Tory approach to dealing with financial issues.
Man City employs 63 professionals and are looking to get that down to the low 40s by next summer.
In the recently published financial results for the 2010-11 financial year, City’s wage bill was £174 million which was £21 million higher than turnover.
While City will be able to add Champions League revenues to their results next year and are working hard on commercial deals to supplement their Etihad stadium and shirt sponsorship deal, the wage bill needs to come down if they are to show Uefa they are committed to meeting their regulations.
City made a loss of £195 million in the last financial year and are hopeful of getting that below the £100 million mark by the next time financial results are examined.
Under FFP, clubs are not supposed to post losses more than £39.5 million over the three years in which it is assessed.
Teams which fail to meet Uefa’s rules could be banned from European competition from the 2013-14 season, although there is scope for flexibility if a club can show it is making progress towards breaking even.
The priority is getting high earners off the payroll who no longer make a contribution to the first team but there will also be a need to sell younger players who are not quite good enough to make the grade with Roberto Mancini’s first team.
Incredibly Man City have 23 players out on loan at present and players that are set to be offloaded include Carlos Tevez, Nedum Onuoha, Wayne Bridge, Emmanuel Adebayor and Roque Santa Cruz to name just five.
The bonus may be that the Premier League leaders are not in the situation that they need to make as much as possible from these sales and that the priority is more a case of trying to trim the deadwood as speedily as possible. This may mean there are a number of bargain offers to be had.