Paris St-Germain (PSG) and seven others clubs on Friday night fined by European football’s governing body, UEFA for breaching Financial Fair Play (FFP) rules.
The sanctions applied to clubs who played in UEFA’s 2021-22 club competitions and came after analysis of the financial years 2018, 2019, 2020, 2021 and 2022.
The other seven clubs required to make financial contributions are AC Milan, Inter Milan, Roma, Juventus, Besiktas, Marseille and Monaco.
Combined with PSG, they will pay at least 26m euros (£22.5m), but up to a total of 172m euros (£149m).
PSG have been ordered to pay an unconditional 10m euros (£8.6m) for not complying with “break-even” rules and could pay as much as 65m euros (£56.3m) depending on future compliance.
PSG and the Italian quartet of Juventus, Inter, Roma and Milan were joined by French duo Monaco and Marseille and Turkish side Besiktas on the Uefa naughty step
CHELSEA, Manchester City, West Ham and Leicester have been warned against UEFA financial fair play punishments if they cannot get their books back in balance this season.
The four Prem sides were among 19 European clubs that UEFA experts ruled had only met the requirements because of Covid 19 emergency measures or historical break-even results.
UEFA allows clubs to record a loss of just £25m over a three year period, a significant contrast to Prem rules that allow clubs to lose £35m a season.
And as it announced fines totalling £149m against eight European clubs, UEFA said the Prem sides will now face extra scrutiny.
UEFA said: “The Club Financial Control Body reminded these clubs that as from financial year 2023 these exceptional Covid deductions and consideration of historical financial results will no longer be possible.
“These clubs were further asked for additional financial information and will be monitored closely in the upcoming period.”
The English quartet may not be terribly bothered though, as Uefa also confirmed that despite levying the fines against the errant eight, only £22.5m must be paid now – with the rest waived if the clubs comply with new financial regulations by the 2025-26 season.
The French champions copped the biggest fine, of £56.2m, but with just £8.65m due immediately. Uefa said the punishments had been imposed after studying the accounts of the clubs from 2018 through to this summer, taking into account the effect of the pandemic.