UEFA fine eight clubs and warn four Premier League teams over Financial Fair Play (Full List)
UEFA has penalized eight clubs for breaking the Financial Fair Play rules, and 19 more have received a warning that their finances would be “monitored closely.”
The clubs were penalized for breaking the “break-eve” rules, which stipulate that they must balance their books over a three-year period and that they cannot spend more than they earn.
Paris Saint-Germain, AC Milan, Inter Milan, Roma, Juventus, Besiktas, Marseille, and Monaco were among the clubs that received fines for this.
The eight teams are not all receiving the same punishments; PSG is paying the highest fine of 10 million euros (£8.6 million), but that could increase to 65 million euros (£56.3 million) if they continue to break the rules.
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Rangers of the Scottish Premiership and Premier League teams Chelsea, Leicester, Manchester City, and West Ham have all been informed that they will be watched.
Borussia Dortmund, Barcelona, FC Basel, Union Berlin, Fenerbahce, Feyenoord, Olympique Lyonnais, Real Betis, Royal Antwerp, Sevilla, Lazio, Napoli, Trabzonspor, and Wolfsburg will all be involved as well.
Due to the implementation of COVID-19 emergency measures and/or because they benefited from prior successful break-even outcomes, UEFA stated that these clubs “were able to technically complete the break-even requirement” (T-3 and T-4).
The CFCB First Chamber reminded these clubs that as from financial year 2023 these exceptional COVID deductions and consideration of historical financial results will no longer be possible. These clubs were further asked for additional financial information and will be monitored closely in the upcoming period.’
Source: Gistpaper.com
