Friday, April 12, 2024

Financial Fair Play: UEFA fines PSG, places Barcelona, Man City, Chelsea, others under watch

UEFA announced that the finances of Man City, Barcelona, Chelsea and the other 15 clubs will be monitored closely for the remainder of the year.

• September 3, 2022

Europe’s football governing body, UEFA, has fined eight top clubs a total of €172 million for breaking the Financial Fair Play (FFP) regulations for the 2021/2022 UEFA club competitions. 

In August, UEFA announced that some twenty-seven clubs including Barcelona, Manchester City, Arsenal, Inter Milan and Juventus were being investigated for not complying with the FFP regulations.

However, the body announced on Friday that eight clubs had fallen under its hammer and would be required to pay an unconditional fine of €26 million out of the €172 million immediately. The payment of the remaining amount will depend on the settlement agreement between each of the clubs and UEFA over the next couple of years.

The sanctioned clubs are Paris Saint-Germain (PSG), AC Milan, Marseille, Monaco, Beskitas, Inter Milan, Juventus, and Roma. Each will pay an unconditional amount of €10 million, €2 million, €0.3 million, €0.3 million, €0.6 million, €4.0 million, €3.5 million and €5.0 million respectively.

Meanwhile, UEFA announced that the finances of Man City, Barcelona, Chelsea and the other 15 clubs who took part in the 2021/22 UEFA club competitions will be monitored closely for the remainder of the year.

“The CFCB First Chamber also observed that another 19 clubs that took part in the 2021/22 UEFA club competitions, namely Borussia Dortmund, Chelsea FC, FC Barcelona, FC Basel 1893, 1.FC Union Berlin, Fenerbahçe SK, Feyenoord, Leicester City FC, Manchester City FC, Olympique Lyonnais, Rangers, Real Betis Balompié, Royal Antwerp FC, Sevilla FC, SS Lazio, SSC Napoli, Trabzonspor AŞ, VFL Wolfsburg and West Ham United FC, were able to technically fulfil the break-even requirement thanks to the application of the COVID-19 emergency measures and/or because they benefited from historical positive break-even results (T-3 and T-4),” a part of the UEFA’s statement read.

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

Katsina State


Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”



U.S. government donates laboratory equipment to Nigeria to tackle disease outbreaks

The U.S. official also noted that Nigeria was facing several disease outbreaks.

FCT Minister, Nyesom Wike [Credit: Chi Geru]


Wike vows to bring development to rural areas in FCT

“The rural areas are part of the FCT and should enjoy good governance.”

Peter Mbah


Enugu govt. queries 164 civil servants for absenteeism

“We are also introducing electronic clock-in and the watchword is productivity.”

Governor Ademola Adeleke


Gov. Adeleke sets up committee to tackle sexual violence against women

The statement said the court would be dedicated to addressing issues of sexual and gender-based violence.

Market on fire

Heading 4

NEMA commiserates with Lagos govt. over Dosunmu Market fire

She said emergency responders in the state would continue to sensitise Lagos residents on safety.