New Delhi: Champions Manchester City will be paying all of Frank Lampard`s wages when he joins the club for a loan spell when the 2014-15 Premier League begins. The news comes despite there being suggestions of the Manchester club using this deal to subvert UEFA`s Financial Fair Play (FPP) regulations.
The Chelsea legend left the Stamford Bridge club in the summer on a free transfer to join New York City FC, which are co-owned by New York Yankees and Manchester City. Major League Soccer (MLS) begins in March, until then Lampard will play for City.
It is understood that Manchester City will pay all of the 36-year-old`s wages for this six-month period and New York City FC will take control when he joins the club in March 2015.
The midfielder will also help the Premier League champions to comply with the FFP rules of having five homegrown players in their Champions League 21-member squad.
Earlier this year, UEFA had reprimanded City for failing to meet with their FPP regulations. They had to pay a fine and also limit their squad size and wage bill. However, the club has said they are breaking even and should be comfortable in meeting all FPP rules in the future.
For the 2014-15 season, City`s Champions League squad has been restricted to 21 players. They have also been compelled to include 8 home-grown players in their Premier League squad for the season.