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Barcelona, Manchester United fined by UEFA over financial breaches

by kenya-tribune
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By AFP

Barcelona and Manchester United were among the clubs fined by UEFA on Friday for breaches of financial fair play (FFP) regulations during the 2022/23 season.

United were fined 300,000 euros ($335,000) for failing to meet the break-even requirement that attempts to limit the losses made by clubs.

Spanish champions Barcelona was hit with a 500,000-euro sanction for including profits from sales of intangible assets, which are not relevant income under the regulations, to balance their books.

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FFP rules, which were introduced in 2010, have allowed clubs to report losses of no more than 30 million euros over a three-year period.

Last season was the final year those regulations will be used by UEFA before new licensing and sustainability regulations are eased in over the next three seasons.

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Champions League finalists Inter Milan, AC Milan, Paris Saint-Germain, Monaco, Roma and Marseille escaped sanction after meeting targets set by a UEFA settlement agreement.

Belgian club Royal Antwerp and Turkish side Trabzonspor were hit with the biggest fines of two million euros each.

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