David Gill as quoted by Telegraph:

We were involved through the European Club Association, as were other clubs, such as Chelsea, who were on the working group to develop those proposals with Uefa.

It made sense and was for the benefit of football clubs could operate within their own resources and it would bring about a limiting effect on player cost, in terms of transfers and wages.

We are comfortable with it. The critical issue will be around implementation and the sanctions around that, and making sure that it is appropriately applied. But I do not think anyone can criticise the objective of ensuring that clubs operate within their own resources.”

While Man City super ridiculous ultra bloody rich Sheikh Mansour bin Zayed al-Nahyan, are believed to have cautioned that they would “prefer to manage their business as they see fit“.