Abstract: The study, based on the practical experience of UEFA Financial Fair Play, explores its impact on the management of professional football clubs in China, with the annual audit report on Manchester City Football Club, which was released by BDO in 2015 as an example. It holds that its development has such problems as the overdependence on the title enterprise, single revenue pattern, ever increasing transfer fee, deficit management in most clubs, etc. The suggestions are accordingly offered in this paper: to create professional clubs by drawing lessons from the experience of European professional football clubs; to enhance the youth players training construction so as to train local football stars; and to strengthen the league's financial supervision and guidance of professional football clubs.