SPORTS

Report: UEFA to announce sanctions on 10 clubs including Barcelona for breaching FFP rules

La Liga giants Barcelona are one of 10 top European clubs that are reportedly being investigated by UEFA for a financial fair play (FFP) breach. According to reports, 20 teams were flagged, including Premier League heavyweights Arsenal and Ligue 1 outfit Olympique de Marseille.

UEFA investigating 20 clubs for FFP breach

According to The Times, a total of 20 clubs have been placed on their watchlist for a potential financial fair play breach, and 10 of these clubs have already been found guilty of breaching the rules until the 2020/21 season. The 10 teams include Barcelona, Paris Saint-Germain (PSG), Juventus, Inter Milan and AS Roma among the most prominent names.

Reportedly, Barcelona and Juventus have refused so far to enter into FFP negotiations with UEFA. Moreover, the two clubs along with Real Madrid are reportedly already in the middle of other legal proceedings due to their involvement with the European Super League.

Clubs like PSG are likely to face sanctions of financial nature, while the Italian clubs and Barcelona could face harsher punishments, including possible bans on competing in the transfer market.

CHECK THIS:  Dortmund Want To Bring Werner Back To Bundesliga, Chelsea Ready To Talk

FFP rules to change from 2023 onwards

As UEFA reportedly continues to investigate about 20 clubs for the possible breach of financial fair play rules, it must be noted that the ongoing season is the last time that the existing rules will exist. By 2023, football’s governing body has introduced a new set of rules, which will restrict clubs from spending on player and coach wages, transfers, and agent fees to 70% of club revenues.

However, this decrease will take place gradually from 90% in 2023/2024, 80% in 2024/2025 and finally 70% in 2025/2026. In their explainer released in April earlier this year, UEFA noted that the implementation of the new rules will be gradual over the next three years to give the clubs the necessary time to adapt.

CHECK THIS:  5 Footballers Who Went On to Become Head of State

The football’s governing body added that breaches of these rules will be sanctioned by the Club Financial Control Body (CFCB). UEFA concluded their explainer by making it clear that they were not softening their rules in any way when it came to evaluating the club’s revenues and allowed losses.

ENOCH TANDOH

Tandoh Enoch is a Social Media Manager, Website Developer and Designer, Blogger, Content Writer and an IT Consultant . He is a creator and editor at Urbannewsgh.com, an online digital platform focusing on Credible and Timely news in Ghana and worldwide.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button