Eight clubs have been fined by UEFA for breaching Financial Fair Play rules, while 19 more have been warned that they will be ‘monitored closely’ due to their finances.
sports
Sept. 3, 2022
PHIL HAIGH, METRO UK
2 min read
UEFA fine eight clubs over Financial Fair Play
UEFA fine eight clubs over Financial Fair Play
Story highlights
The eight teams are not all being hit with the same fines
The fines have been handed out for not complying with ‘break-eve’ rules
The fines have been handed out for not complying with ‘break-eve’ rules, which means clubs cannot spend more than their income and must balance the books over a three-year period.
The clubs to be fined for this were Paris Saint-Germain, AC Milan, Inter Milan, Roma, Juventus, Besiktas, Marseille and Monaco.
The eight teams are not all being hit with the same fines, with PSG paying the most – 10m euros (£8.6m) – but that could rise to 65m euros (£56.3m) if they don’t comply in future.
Premier League clubs Chelsea, Leicester, Manchester City and West Ham have been told they will be monitored, as will Scottish Premiership side Rangers.
As will Borussia Dortmund, Barcelona, FC Basel, Union Berlin, Fenerbahce, Feyenoord, Olympique Lyonnais, Real Betis, Royal Antwerp, Sevilla, Lazio , Napoli, Trabzonspor and Wolfsburg.
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UEFA explained that these clubs ‘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).
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.’
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