Clubs fined by UEFA for FFP breaches

LAUSANNE:

Paris Saint-Germain, Inter Milan and Juventus are among the clubs that were fined by UEFA on Friday for violating Financial Fair Play (FFP) rules, the football governing body said European.

French champions PSG owned by Qatar received the biggest fine of 10 million euros ($10 million) while Roma, AC Milan, Besiktas, Marseille and Monaco were also punished.

The fines were imposed after an analysis of the financial years from 2018 to 2022 by UEFA’s Club Financial Control Body found they had not all met the ‘break-even requirement’ .

Roma are to pay five million euros and Inter four million euros, while Juventus were fined 3.5 million euros and Milan two million euros.

Besiktas must pay 600,000 euros. The lowest fines went to Marseille and Monaco, which must pay 300,000 euros each.

However, UEFA said clubs were only asked to pay 15% of the total agreed “financial contributions”.

Therefore, PSG’s fine could rise to 65 million euros if they don’t respect the agreement reached with UEFA for the next three years, while Roma’s fine could reach 35 million. euros.

Most clubs have agreed to three-year settlement periods, but Roma and Inter have both chosen four years to meet UEFA’s targets, meaning they cannot sign new players for European competition this season.

“Under the three-year settlement agreement, the clubs agree to abide by the football earnings rule during the 2025/26 season,” UEFA said.

“They undertake to achieve intermediate annual objectives, and to apply conditional financial and sporting measures if these objectives are not achieved.”

UEFA announced earlier this year that it was phasing out its existing Financial Fair Play rules, which were introduced in 2010 and allowed clubs to declare losses of no more than €30m over a period. of three years.

However, fiscal years 2020 and 2021 were assessed as one unified period due to the impact of the pandemic.

The FFP is being replaced by new licensing and ‘future-proofing’ regulations which will allow clubs to declare losses of €60m over three years, and the figure allowed can even be as high as €90m for a club “in good financial health”.

PSG have been targeted by UEFA over FFP in the past. The club were cleared in 2018 following an investigation triggered by the €400m payment to buy Neymar and Kylian Mbappe in August 2017.

Before that, in 2014, PSG were fined 60 million euros for breaching the rules, although two-thirds of that amount was suspended.

PSG president Nasser al-Khelaifi, president of the powerful European Club Association, also sits on the UEFA executive committee.

Comments are closed.