Manchester United and Barcelona Fined by UEFA for Breaching FFP Regulations
Posted By Sammy Legals
July 14, 2023
2:16 pm
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Manchester United and Barcelona have been hit with substantial fines by UEFA for breaching Financial Fair Play rules.
The governing body of European football has announced a list of clubs that have failed to comply with their financial fair play regulations and have been imposed with penalties.
Other than the two heavyweights, Belgian side Royal Antwerp FC and Turkish side Trabzonspor A.S. failed to comply with the break-even requirement.
Barca have been hit with a fine of €500,000 for wrongly reporting their profits on the disposal of intangible assets (other than player transfers) in the financial year 2022.
Manchester United have been slapped with a fine of €300,000 for reported minor break-even deficits. Turkish side Konyaspor and Cypriot side APOEL FC have also both been fined €100,000 for similar offenses.
Riga FC, NK Olimpija Ljubljana, and ŠK Slovan Bratislava have been fined €10,000 each for failing to submit complete and accurate break-even information by the required deadline.
RSC Anderlecht have also been on the receiving end of fines worth €100,000. Istanbul Başakşehir FK have been handed a fine of €400,000 for failing to meet the targets set for the financial year 2022.
Both Manchester United and Barcelona could now struggle in the transfer market after being hit by FFP regulations.
The Red Devils have so far made just one senior addition to their side, in the form of Mason Mount from Chelsea. The Blaugrana, on the other hand, have welcomed Ilkay Gundogan and Inigo Martinez on free transfers.