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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. Air Max 97 Saldi . Ellis had a season-high 37 points and two key assists late, Dirk Nowitzki led a fourth-quarter rally with 14 of his 35 points, and the Mavericks spoiled Howards best offensive night in Houston with a 123-120 victory over the Rockets on Wednesday night. Air Max 97 In Offerta . "I had a pretty good year," the soft-spoken Granberg told TSN.ca with a grin from the teams annual rookie tournament in London. A fourth-round selection in 2010, Granberg is worth keeping an eye on with NHL training camps rolling around in less than a week. The six-foot-two, 200-pound defender may not possess the wow-inspiring theatrics of fellow prospect Morgan Rielly, but nonetheless has a chance to contribute with the Leafs when all is said and done this season. http://www.airmax97italia.it/ . -- Masahiro Tanaka knows that first appearance in a spring training game for the New York Yankees will be scrutinized. Air Max 97 Ingrosso . Off-Season Game Plan looks at what the Blue Jackets may do to build upon last seasons success to return to the playoffs again next year. Air Max 97 Scontate . -- Top-ranked Stacy Lewis birdied the last three holes and five of the final six Thursday for an 8-under 64 and a share of the lead with Mi Jung Hur in the Yokohama Tire LPGA Classic.GLENDALE, Ariz. -- The Phoenix Coyotes have recalled defenceman Rostislav Klesla from their AHL affiliate in Portland, Maine. The Coyotes also said defenceman Zbynek Michalek will be out indefinitely after suffering a lower-body injury against Montreal on Tuesday night. He left early in the first period against the Canadiens and has left the team for further evaluation.dddddddddddd Once one of Phoenixs top defencemen, Klesla was sent down last month after struggling at the start of the season and clearing waivers. He had a goal and two assists in 15 games with the Coyotes after missing three games due to a concussion suffered in preseason. ' ' '