Multiple teams in Europe broke the agreed-upon Financial Fair Play rules, according to a press statement from UEFA on Friday, September 2, 2022.
The Club Financial Control Body of UEFA discovered eight clubs that did not achieve the break-even threshold, according to the statement.
These include Paris Saint-Germain, Olympique de Marseille, Milan, Monaco, Roma, Beşiktaş, Inter Milan, and Juventus. Interestingly, no top Premier League club was mentioned in the sanction.
Following that, the clubs received sanctions, with PSG getting the biggest fine (€65 million), later lowered to €10 million.
In addition, UEFA declared that even though 19 additional clubs “technically” met the break-even threshold, their financial standing will be “monitored” going forward.
These include, among others, Manchester City, Chelsea, and Borussia Dortmund.
UEFA fined PSG (€65 million), AS Roma (€35 million), Inter (€26 million), Juventus (€23 million), AC Milan (€15 million), Besiktas (€4 million), AS Monaco (€2 million), and Marseille (€2 million). Barcelona, Chelsea, Dortmund, Lazio, Leicester, Lyon, Manchester City, Napoli, Rangers, Real Betis, Sevilla, West Ham, and Wolfsburg are among the 19 clubs that narrowly avoided a fine and are now being watched by UEFA.
The penalties were imposed after an examination of the fiscal years 2018, 2019, 2020, 2021, and 2022 and applied to clubs that participated in Uefa’s 2021–22 club competitions.
AC Milan, Inter Milan, Roma, Juventus, Besiktas, Marseille, and Monaco are the other seven clubs that must make financial contributions.
Together, they will provide at least 26 million euros (£22.5 million), but no more than 172 million euros (£149 million).
The clubs’ earnings from Uefa club competitions will be withheld or used to pay these fines.
Unless the teams in question meet the goals outlined in settlement agreements, they will also be required to pay extra.
The agreement framework aims to support clubs during the transitional phase between the FFP laws that take effect in 2018 and the newly agreed regulations that go into effect in stages starting in 2023.
To mitigate the negative effects of the pandemic, Covid emergency measures were implemented for the fiscal years 2020 and 2021.
Clubs were permitted to make particular Covid adjustments and the average combined deficit of 2020 and 2021 during the assessment of those years, was treated as one period.
Uefa noted that 19 clubs “were able to theoretically achieve the break-even criterion thanks to the use” of those methods, but it cautioned those clubs that such deductions and taking into account prior financial performance will no longer be permitted as of 2023.
Additionally, extra financial information was requested from certain teams, and they will be closely watched.
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