Some top European clubs broke UEFA’s financial rules and faced penalties. PSG and AC Milan, among others, are being asked to pay.
The European Football Association (UEFA) has fined eight of Europe’s top clubs for violating Financial Fair Play (FFP).
Clubs spent more money than they earned
First Room of the Club Financial Control Unit (CFCB), AC Milanhis city rival Inter Milanrecord champion Juventus and conference league winners AS Rome From the Italian Serie A and Ligue 1 representatives Paris Saint-Germain, AS Monaco and Olympic Marseille and Turkey’s best club Besiktas Istanbul In the period between 2018 and 2022, they did not meet the so-called break-even requirement, meaning they spent more money than they received.
Eight clubs were fined a total of 172 million euros, to be deducted or paid directly from revenues from participation in UEFA club competitions, such as the Champions League.
However, only 15 percent (total of 26 million Euros) will be paid immediately. The remaining 85 percent (146 million euros) was suspended. PSG has been given the biggest penalty: tenm euros payable immediately, 65m euros on parole.
German clubs benefited from corona aid
The 19 clubs participating in the 2021/22 UEFA club competitions, including Bundesliga representatives Borussia Dortmund, Union Berlin and VfL Wolfsburg, as well as international giants Manchester City, FC Chelsea and FC, are only “technically” at par, according to UEFA. . Fulfilled in 2020 and 2021 due to corona relief implementation or historically positive financial results.
From fiscal year 2023, these Covid simplifications and assessment of historical financial results will no longer apply.
Source: ZDF
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