Tuesday, April 16, 2024

Barcelona, Man United hit with UEFA fines for breaking fair play rule

Barcelona were fined €500,000 for wrongly reporting “profits on disposal of intangible assets” in 2022, while United were fined €300,000 for “minor break-even deficits.”

• July 14, 2023

UEFA has fined Barcelona and Manchester United for breaches of Financial Fair Play (FFP) regulations, the European soccer’s governing body said on Friday.

Barcelona were fined €500,000 for wrongly reporting “profits on disposal of intangible assets” in 2022, while United were fined €300,000 for “minor break-even deficits.”

“While disappointed by the outcome, Manchester United accepts this fine for what UEFA acknowledges to be a minor technical breach of its previous Financial Fair Play rules,” United said in a statement.

Cypriot side APOEL and Turkey’s Konyaspor were fined €100,000 each for the same offence as United, while Turkish clubs Istanbul Basaksehir and Trabzonspor, Belgian champions Royal Antwerp and Anderlecht were among other teams to receive fines.

The decisions follow the last round of monitoring using FFP rules that have been replaced by new sustainability regulations announced in the previous year.

A group of high-profile European clubs, including Paris St Germain, AC Milan and Inter Milan, who agreed settlements with UEFA in September last year, have fulfilled targets set for the financial year 2022.

UEFA added that these clubs would be monitored for compliance next season.

(Reuters/NAN)

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