NYON, Switzerland -- Big-spending clubs Manchester City and Paris Saint-Germain were fined 60 million euros ($82 million) by UEFA on Friday and ordered to limit their Champions League squads to 21 players next season for breaching the bodys financial fair play rules. Cheap College Jerseys 2020 . In the first series of sanctions handed down by UEFA over its new regulations meant to curb over-spending by wealthy owners, nine clubs in all were handed punishments -- but those given to the Premier League winner and the French champion were by far the heaviest. City said it will accept the sanctions and will not appeal, but insisted that the club has a "fundamental disagreement" with UEFA about its "interpretations of the FFP regulations on players purchased before 2010." PSG also accepted the punishment "in spite of the tremendous handicap they represent in terms of the clubs ability to fully compete on an equal footing against Europes biggest teams." PSG also said in a statement that it "deplores the fact" that UEFA hasnt recognized "the full value" of its partnership with the Qatar Tourism Authority, which the governing body said was inflated. The fines given to City and PSG are the heaviest ever handed by out UEFA. However, UEFA said 40 million euros will be returned to the clubs if they fulfil their financial obligations over the next two years. Those obligations include limiting the deficits to 10 million euros in the financial year ending in 2015 for City, with PSG allowed a deficit of 30 million euros for that period before being obligated to break even by 2016. City said it expects to break even by the end of 2014. UEFA said both clubs have agreed to "significantly limit" their spending in the transfer market over the next two years. However, City said it is allowed to spend 60 million euros, plus whatever it earns for selling players, in this summers transfer window. It said the UEFA sanction "will have no material impact on the clubs planned transfer activity." The reduced Champions League squads may not have much of an impact either. Teams are ordinarily allowed 25-man squads for the competition, but few end up using that many. City and PSG both used 21 players on the field this past season -- not counting unused substitutes. "Our ambition to build one of the best and most competitive European Football clubs will not be undermined by these measures," said PSG president Nasser Al-Khelaifi. "We will continue to invest in developing a highly competitive team and will continue our investments in our stadium and training infrastructures while at the same time remaining, as we are today "debt free." The FFP rules require clubs who play in the Champions League and Europa League to balance their finances, and are meant to curb huge investments by owners and excessive spending on transfers. The sanctions were handed down five years after UEFA President Michel Platini launched the program to tackle "cheating" by overspending. No club was expelled from next seasons Champions League or Europa League, which had been billed as the harshest punishment available. The other clubs to have failed FFP were Galatasaray, Trabzonspor and Bursaspor from Turkey, Russian sides Zenit St Petersburg, Anzhi Makhachkala and Rubin Kazan, as well as Levski Sofia from Bulgaria. Those were handed fines ranging from 200,000 euros -- for Galatasaray, Trabzonspor, Levski and Bursaspor -- to 12 million euros for Zenit. UEFA was expected to rule against Man City and PSG, which far exceeded a limit of 45 million-euro losses over the first two seasons of very complex accounting rules for FFP assessment. Both clubs tried to balance their finances with inflated sponsorship deals linked to their owners in Abu Dhabi and Qatar, respectively. City was also scrutinized for booking tens of millions in revenue from selling image rights and consultancy fees to third parties. Critics of FFP say it was effectively manipulated during UEFAs lengthy consultation with clubs who saw an opportunity to lock out emerging rivals whose new, wealthy owners wanted to spend quickly to join the elite. Clubs such as Barcelona, Bayern Munich, Manchester United and Real Madrid, which have lucrative commercial deals worldwide, will all likely benefit from City and PSG now having to rein in their transfer strategy. NCAA Jerseys From China . Sundays race will be held at the Sepang circuit, adjacent to Kuala Lumpurs main airport where the ill-fated flight took off earlier this month. Authorities now say it is almost certain it crashed in the Indian Ocean, killing all 239 people aboard. Wholesale NCAA Jerseys . Browns owner Jimmy Haslam announced the move with Young on Monday during a speech at a Pro Football Hall of Fame luncheon. https://www.ncaajerseys2020.com/ .ca. Hi Kerry, Love reading your column and loved watching your analysis on the TSN broadcasts!And were now in Round 2! Bruins! Canadiens! We know all about the great games of the past from the players, the broadcasters and the writers.Ferraris Sebastian Vettel set the pace in final practice for the Monaco GP just ahead of Lewis Hamilton. After struggling on Thursday, Vettel topped the timesheets on Saturday morning with a lap of 1:14.650.In an action-packed session, the top four were covered by 0.157 seconds with Nico Rosberg third and Daniel Ricciardos Red Bull fourth. We have got a tight battle right at the front. There is not a lot in it between Mercedes, Red Bull and Ferrari, approved Sky F1s Damon Hill.Hamilton was on course for the fastest time of the session after going quickest in the opening two sectors before encountering traffic at the penultimate corner.Spanish GP victor Max Verstappen was a relatively distant fifth after locking his rear tyres and hitting the barriers as he entered Casino Square. Red Bulls Max Verstappen locks up in P3 in Monaco and clips the wall at Massinet but escapes unscatthed. NCAA Jerseys 2020. With McLaren, for whom Fernando Alonso was 12th and Jenson Button 13th, remaining on the periphery, Toro Rosso are emerging as the weekends surprise package. Once again, both of the teams cars reached the top ten with Daniil Kvyat a place ahead of Carlos Sainz in sixth.But Renaults struggles continued. After Jolyon Palmer crashed for the second time this weekend - wrecking a flying lap from Hamilton - through the Swimming Pool complex, his team-mate Kevin Magnussen then also hit the barriers. Qualifying takes place at 1pm UK Time. Practice Three timesheet1. Sebastian Vettel, Ferrari, 1:14.6502. Lewis Hamilton, Mercedes, 1:14.6683. Nico Rosberg, Mercedes, 1:14.7724. Daniel Ricciardo, Red Bull, 1:14.8075. Max Verstappen, Red Bull, 1:15.0816. Daniil Kvyat, Toro Rosso, 1:15.2597. Carlos Sainz, Toro Rosso, 1:15.3248. Sergio Perez, Force India, 1:15.3689. Kimi Raikkonen, Ferrari, 1:15.55510. Nico Hulkenberg, Force India, 1:15.66611. Felipe Massa, Williams, 1:16.06812. Fernando Alonso, McLaren, 1:16.25713. Jenson Button, McLaren, 1:16.29814. Valtteri Bottas, Williams, 1:16.34715. Esteban Gutierrez, Haas, 1:16.40716. Kevin Magnussen, Renault, 1:16.41217. Romain Grosjean, Haas, 1:16.52718. Felipe Nasr, Sauber, 1:16.86719. Marcus Ericsson, Sauber, 1:17.03720. Jolyon Palmer, Renault, 1:17.48221. Pascal Wehrlein, Manor, 1:17.59522. Rio Haryanto, Manor, 1:18.180Watch the Monaco GP live on Sky Sports F1. The race starts at 1pm on Sunday, with build-up underway at 11.30am. Or watch the race without a contract for £6.99 on NOW TV. Also See: When is the Monaco GP on Sky? Rank your favourite Monaco GPs! F1 stars put on a show Get a NOW TV weekend pass ' ' '