Manchester United executive vice-chairman Ed Woodward has defended Uefa's Financial Fair Play regulations amid outcry from Manchester City.
Uefa have banned City from the Champions League for two seasons and fined the Premier League champions €30million after being found to have committed 'serious breaches' of FFP.
City are appealing the punishment through the Court of Arbitration for Sport but, as it stands, the fifth-placed team in the Premier League will qualify for the Champions League next season. United moved to fifth last week.
Woodward sits on the board of the European Club Association and was appointed onto Uefa's Professional Football Strategy Council in 2017, and said FFP has benefited the major clubs in Europe.
"I'm not going to comment on City or any other clubs relating to those events," Woodward said. "What I will say is I go to a lot of Uefa-related meetings, being on the ECA board and deputy chairman of the UCFA, which is a joint venture between the ECA and Uefa.
"And I see a strong commitment from Uefa to ensure that Financial Fair Play continues to deliver the benefits that it clearly has in the industry.
"And if you look at the last five years, the overall operating profits across the top leagues in the 55 countries in Europe, they have gone from pretty large losses all the way up to to breaking even and small operating profits.
"I think it's been beneficial overall overall and it's up to the regulators to manage that."
Uefa found that City had overstated sponsorship revenue and break-even information in accounts submitted to the European football governing body between 2012 and 2016. Uefa acted on the decision of the independent Adjudicatory Chamber of the Club Financial Control Body (CFCB) following a hearing held last month.
City chief executive Ferran Soriano said the allegations are 'simply not true'.