November 8, 2024

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UEFA fined Manchester United and Barcelona for breaching the FFP

UEFA fined Manchester United and Barcelona for breaching the FFP

Manchester United and Barcelona have been fined €300,000 (£257,000, $337,000) and €500,000 for breaching UEFA’s Financial Fair Play (FFP) rules.

UEFA announced the decision on Friday after the end of “monitoring” during the 2022-23 season, which covered the period from 2019 through 2022. These penalties were handed down based on previous UEFA FFP rules, with new regulations coming from next season. .

United’s offense was to report a “slight draw deficit”, meaning their losses for the financial year had exceeded UEFA’s requirements.

“Although disappointed with the result, Manchester United accepts this fine for what UEFA recognizes as a minor technical breach of the previous Financial Fair Play rules,” a statement from United read.

“This reflects a change in the way UEFA adjusted for COVID-19 losses during the 2022 reporting period, allowing us to recognize only €15m of the €281m of revenue lost due to the pandemic under the FFP account.

“Following the pandemic, club revenues have rebounded strongly and are expected to reach a record high in the current financial year. The club continues to support the enforcement of the rules to promote financial fair play and sustainability across domestic and European football.”

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United confirm the fine is linked to past cases and the old FFP rules, meaning it will not affect this summer’s transfer budget.

Barcelona, ​​meanwhile, has been fined for “falsely reporting” profits from non-player sales during the 2022 financial year “which are not considered relevant income under the regulations”.

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Porto and Anderlecht were among the other clubs fined by UEFA, while AC Milan, Paris Saint-Germain, Roma, Monaco, Inter Milan, Besiktas and Marseille avoided penalties.

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(Photo: Katherine Ivel/Getty Images)