05/11/2024

UEFA applies million-dollar fines for breaching Financial Fair Play: PSG, Roma, Inter and Juventus received the highest [VIDEO]

Viernes 02 de Septiembre del 2022

The European organism reported that PSG is the most affected with the sanctions, which could be more severe for the clubs if they do not correct their situation within three years.

PSG, Inter and Juventus are three of the eight European clubs sanctioned by UEFA for violating Financial Fair Play, the entity reported in a statement released on Friday. The institutions have three years to regularize their situation, otherwise they will receive more severe fines.

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The French champion is the club that has received the highest fine, 10 million euros, which could increase to 65 million if it fails to comply with the plan agreed with UEFA to balance its accounts within a maximum period of three years. In addition to the three mentioned, Roma, AC Milan, Marseille, Monaco, and Besiktas were also fined.

As for the amount of the sanctions, Roma is the most affected after PSG (5 million), followed by Inter (4), Juventus (3.5), Milan (2), Besiktas (600,000), Monaco and Marseille (both with 300,000 euros).

“According to the three-year settlement agreement, clubs undertake to comply with the revenue rule in football during the 2025/26 season”, clarified UEFA in its statement.

“They undertake to achieve interim annual targets, and the application of financial and sporting measures conditioned in case these objectives are not met”, added.

Six of these eight clubs accepted a three-year accounts equilibrium plan. Only Roma and Inter requested an additional exercise (four seasons) in exchange for not being able to register new players for European competitions for the 2022-2023 and 2023-2024 seasons.

More investigations

UEFA also reported that another 19 clubs (including Barcelona, Sevilla, Betis, Manchester City, and Chelsea) were able to comply with the 'Fair Play' thanks to having taken "emergency covid-19 measures", but warned that "as of the 2023 exercise these exceptional deductions will no longer be possible".

“These clubs were asked for additional financial information and will be closely monitored in the next period”, UEFA warned.

Introduced in 2010 to clean up the accounts of European football, aimed at a crazy spending and debt race, the 'Financial Fair Play' prohibits participating clubs in continental competitions from exceeding 30 million euros in accumulated deficit in periods of three seasons.

This rule was relaxed in the 2020-2021 and 2021-2022 seasons as a result of the covid-19 pandemic, which had a very negative impact on the clubs' economy, initially due to the postponement of competitions and later due to the obligation to play behind closed doors to comply with the health protocols imposed by most countries.

UEFA announced last spring a major restructuring plan for this system, aimed at facilitating the arrival of investors while always limiting excessive wage increases.

Thus, UEFA plans to double the allowed deficit in three years for each club and gradually introduce a "salary cap", similar to the rule already in place in American sports (basketball, american football, hockey, and baseball), but which was impossible to apply until now due to the existence of 55 different federations within UEFA, each with its own regulations.

Specifically, clubs must limit the salaries of their players and coaches, transfer fees, and agent commissions to a maximum of 70% of revenue starting from the 2025-2026 season.

Ver noticia en El Comercio: DT

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