Friday, March 24, 2023

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.

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