Fri 02 September 2022 | 18:03

8 clubs including PSG, Juventus, Milan and Inter given UEFA FFP fines

Eight clubs have been handed a fine by UEFA over previous breaches in their Financial Fair Play regulations, it has been confirmed.

Eight clubs served with financial fair play penalties including

Paris Saint Germain

, Roma,

Milan

, Monaco, Besiktas, Inter,

Juventus,

and Marseille.

UEFA says its Club Financial Control Body analyzed the financial years 2018, 2019, 2020, 2021, and 2022 for clubs that competed in its European competitions last season, with special measures applied for 2020 and 2021 due to the pandemic's impact on football.

UEFA says its club finance investigators ordered prize money from European competitions totaling €26m to be withheld from the eight clubs sanctioned under Financial Fair Play rules.

Paris Saint Germain must pay €10 million for breaking UEFA financial rules. AS Roma must forfeit prize money of €5m, Inter Milan €4m, Juventus €3.5m, and AC Milan €2m. The other deductions imposed were €600,000 ($600,000) from Besiktas and €300,000 ($300,000) each from Marseille and AS Monaco.

A further €146m in total punishments could be imposed if the clubs fail to meet financial targets in the next three to four years they have agreed to in settlement deals, UEFA said.

UEFA said:

"These eight clubs agreed to financial contributions of €172m.

"These amounts will be withheld from any revenues these clubs earn from participating in UEFA club competitions or paid directly.

"Of this amount, €26m (15 percent) shall be paid in full while the remaining balance of €146m (85 percent) is conditional depending on these clubs' compliance with the targets stated in the respective settlement agreement.”

UEFA also says that 19 further clubs, including Borussia Dortmund, Chelsea, Barcelona, Manchester City, Sevilla, Lazio, Napoli, and West Ham, fulfilled the break-even requirement only "thanks to the application of the COVID-19 emergency measures and/or because they benefited from historical positive break-even results".

UEFA said these clubs would be "further asked for additional financial information and will be monitored closely in the upcoming period".


source: SportMob

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