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The Premier League champions were hit with a £49 million fine on Friday evening but they are confident they can balance the books and sign their top targets this summer

By Paul Clennam

Manchester City are determined to press ahead with plans to sign Bacary Sagna, Eliaquim Mangala & Fernando despite their £49 million Financial Fair Play fine.

Uefa, European football's governing body, punished City for breaching their FFP regulations by handing down the fine and cutting their Champions League squad size down from 25 to 21.

SUMMER SPLURGE
Special Report: Manchester City's summer recruitment drive
But the Premier League champions will get £32.5m of the total fine back if they stay within spending rules of £50m this summer, and if the wage bill remains in line with the 2013-2014 season.

City are confident of balancing the books and hope to bring in Porto pair Mangala and Fernando for around £45m, while Sagna would arrive on a free transfer from Arsenal.

As previously reported by Goal, France right-back Sagna will hold talks with City next week.

To help offset the spending, the club will show the door to Gareth Barry, Joleon Lescott and Micah Richards, who earn £290,000 a week - £15,080,000 a year - between them.

Manager Manuel Pellegrini will also sell off some of his fringe stars, including Scott Sinclair, in a bid to bring in two further new faces.

The club's hierarchy will be acutely aware of the importance of strengthening a title-winning squad, having failed in the 2012 transfer market and subsequently finished 11 points behind Manchester United one year after winning their first Premier League title.

Maicon, Jack Rodwell, Javi Garcia and Matija Nastasic were the key signings made by the club two years ago, while Nigel de Jong, Emmanuel Adebayor and a host of other players left the Etihad Stadium.

They failed in their attempts to lure Robin van Persie from Arsenal, with the Dutchman instead moving to rivals United and boosting their title bid in Sir Alex Ferguson's final season in charge at Old Trafford.

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