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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. 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. Red Sox Jerseys 2020 . Here at TSN.ca we will take a look back at the season by bringing together a panel of experts to help pick the best 50 players of the season. Wholesale Red Sox Jerseys . Cleveland has won the first two of this set and has won six straight games since losing back-to-back tilts to open the year. Seattle, on the other hand, has now lost six in a row following consecutive wins to kick off its campaign. https://www.cheapredsox.com/.com) - Top seed Klara Zakopalova reached the second round, while former French Open champion Francesca Schiavone came up a loser Tuesday at the inaugural Rio Open tennis event. Boston Red Sox Pro Shop . Hattestad managed to avoid the carnage midway through the mens final, as a crash took out three skiers, essentially leaving two men vying for gold. The Norwegian posted a time of 3:38.39, outlasting Swedens Teodor Peterson, who took silver with a time of 3:39. Red Sox Jerseys China . 42 sitting next to the bench. The 57-year-old with greying hair couldnt box out or grab a rebound, but owner Ted Leonsis waved his red towel and egged on a cheering crowd that chanted "Free Nene!" The Wizards did just fine without the suspended Brazilian forward.CARSON, Calif. -- Keith Thurman had an unenviable act to follow when Lucas Matthysse and John Molina Jr. put on a bloody 11-round slugfest right before he stepped in the same ring with Julio Diaz. Although Thurman couldnt match Matthysses pyrotechnics, the rising welterweight still managed a big finish. Thurman remained unbeaten Saturday night, stopping Diaz after three rounds when Diazs corner threw in the towel due to an injured rib. Thurman (23-0, 21 KOs), nicknamed "One-Time" for his one-punch knockout power, retained his WBA interim welterweight title. He floored Diaz in the second round before delivering the body shot that led Diaz to quit on his stool on a chilly night before the usual energized crowd at the outdoor ring south of Los Angeles. Although he had a short night, Thurman still demonstrated his formidable skill and power in his seventh fight in less than two years. "Hes a warrior, but he just couldnt take the punishment," Thurman said about Diaz. "No one knows the power of One-Time until they step in the ring with One-Time. We did the work in the gym. How did you think I was able to look this good?" A left to the temple dropped Diaz, although he stayed on his unsteady feet for a moment before taking a knee and getting up to beat the count. Thurman remembered the punch that evidently injured Diazs rib, but thought Diaz (40-10-1) had partially blocked it. "We were able to put that pain and that hurt on him like were supposed to," Thurman said. The main event was an anticlimax after a tenacious performance by Matthysse (35-3, 33 KOs), who overcame two early knockdowns and stopped Molina early in the 11th round of the Argentine 140-pound stars dynamite return to the ring. Matthysse knocked down the bleeding Molina in each of the final three rounds, culminating in a decisive combination. Matthysse hadnt fought since injuring his eye and losing a decision to 140-pound champion Danny Garcia last September, but he was right back in destructive form. "It did take me a few rounds to get going, but I was able to take control of the fight," Matthysse said.dddddddddddd "The knockdowns threw me off a little, but I was able to get my punches in." That defeat interrupted the rapid rise of the hard-punching Argentine known as "The Machine," and he returned with what many expected to be a simple fight against Molina (27-4), a Los Angeles-area fighter who infamously got knocked out in the first round of a title shot in 2012. But Molina showed he was no pushover from the opening round, knocking back Matthysse with a big right hand. Another chopping right out of a clinch in the second round sent Matthysse to his knees on just his second career knockdown. Although Matthysse controlled long stretches of the bout with his jab and power, he went down again late in the fifth after winning much of the round, dropping to his knees on a punch to the top of his head. Matthysse immediately indicated the punch was illegal in the back of his head, but referee Pat Russell ruled it a knockdown. "I thought I was going to get him out of there early, but he got it together," Molina said. "Theres a reason hes the No. 1 guy in the division. I took his shot all the way through, and I didnt feel it until the end." Despite a cut near his left eye, Matthysse kept using his jab and power against Molina, who had a large cut on the left side of his head. Matthysse then knocked down Molina late in the eighth round with a left hand and a possible push before punishing him throughout the ninth. Matthysse dropped Molina again in the 10th round with a combination on the ropes. Molina crumpled into the corner on a relentless barrage of punches early in the 11th, and Matthysse leaped on the ropes to celebrate. Omar Figueroa Jr. (23-0-1) also retained his WBC lightweight title with a dull split-decision victory over Jerry Belmontes. U.S. Olympians Joseph Diaz Jr. and Terrell Gausha both remained unbeaten on the undercard. ' ' '