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VICTORIA -- Canadian Olympic gold medallist Simon Whitfield announced his retirement from competitive triathlon early Wednesday, becoming a consultant in sports entertainment. Leger Douzable Womens Jersey . Whitfield, from Kingston, Ont., is the most decorated triathlete in Canadian history, winning gold at the 2000 Sydney Olympics and silver at the 2008 Beijing Games. The 38-year-old was Canadas flag bearer at the 2012 London Games. "Today marks the end of my career as a professional athlete; its been an incredible journey and an amazing chapter in my life," said Whitfield in a release on his personal website. "I grew up dreaming of representing Canada at the Olympic Games, though I never imagined I would have the honour of wearing the Maple Leaf four times, winning two Olympic medals, and bearing the flag." Whitfield also won gold at the 2002 Commonwealth Games in Manchester, U.K. and bronze at the 1999 Commonwealth Games in Winnipeg. He won 12 Canadian championships and earned 14 world cup victories. He will now join Fantan Group -- an international consultancy firm -- and lead its new sports entertainment division in Victoria. "It is time to shift gears. I have spent years with athletes of all ages -- sharing -- motivating -- challenging," said Whitfield. "As part of the Fantan team, I have the ideal partnership to put much of what Ive learned as a competitive athlete toward design and innovation in sports entertainment." Many Canadian athletes tweeted their thanks and congratulations to Whitfield. "Congrats to (at)simonwhitfield on an incredible career," said two-time Olympic gold medallist Catriona Le May Doan in a tweet. "Thanks for inspiring so many Canadians!" Jayna Hefford, a four-time Olympic medallist with Canadas womens hockey team, echoed Le May Doans sentiments. "Sad to hear (at)simonwhitfield is retiring. What an incredible career! So many great memories watching him compete for .canada," said Hefford. "Happy Retirement (at)simonwhitfield.Youve inspired so many,including me while making us all smile.Thanks4BeingU," said Canadian womens national soccer team member Karina Leblanc, including a picture of her and Whitfield in the tweet. Antwan Barnes Youth Jersey . Louis Blues return to top spot in the TSN. Zach Sudfeld Jersey . -- The Wilkes-Barre/Scranton Penguins erupted for five goals in the third period to beat the St.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. Cityy and PSG both used 21 players on the field this past season -- not counting unused substitutes. Jacoby Ford Jersey. "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. cheap jerseys ' ' '