PSG will pay UEFA $10M for violating the regulations regarding soccer club finances
For violating UEFA financial regulations, Paris Saint-Germain must pay 10 million euros ($10 million), while seven other teams have also been penalised for spending too much money during 2018.
PSG will pay UEFA $10M for violating the regulations regarding soccer club finances
The eight teams who were penalised for violating the Financial Fair Play regulations were told to keep 26 million euros in prize money from European tournaments, according to UEFA’s club finance investigators.
If the clubs don’t reach the financial goals they’ve established in settlement agreements for the following three to four years, UEFA indicated that further penalties totaling 146 million euros might be levied.
The most money will be taken out of PSG’s Champions League winnings this year. The following clubs were in line behind them. For violating UEFA financial regulations, Paris Saint-Germain must pay 10 million euros ($10 million), while seven other teams have also been penalised for spending too much money during 2018.
The eight teams who were penalised for violating the Financial Fair Play regulations were told to keep 26 million euros in prize money from European tournaments, according to UEFA’s club finance investigators.
If the clubs don’t reach the financial goals they’ve established in settlement agreements for the following three to four years, UEFA indicated that further penalties totaling 146 million euros might be levied.
The most money will be taken out of PSG’s Champions League winnings this year. The following clubs were in line behind them.
In order to ensure that the clubs that meet the requirements to compete in its club championships are close to break-even on their soccer-related activities, UEFA created FFP ten years ago. Clubs could spend as much money as they wanted on stadium and youth development initiatives.
Qatar-backed In the first wave of FFP cases in 2014, PSG was had to pay UEFA 20 million euros, while Manchester City, controlled by Abu Dhabi, was also required to pay the same sum.
Man City was one of 19 clubs mentioned that, according to UEFA, only achieved the break-even criterion through technicalities, such as allowances for the pandemic seasons when many games were played without spectators.
