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UEFA To Receive €172 million From Eight Clubs

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UEFA To Receive €172 million From Eight Clubs

Eight European clubs have come to a €172 million (AUD$251 million) settlement with UEFA’s Club Financial Control Body (CFBC) for not complying with the organisations break-even rule, which ensures teams cannot spend more money than they make.

AC Milan, AS Roma, FC Internazionale Milano, Juventus, AS Monaco, Olympique de Marseille and Paris Saint-Germaine and Beşiktaş JK will all pay different amounts to the governing body due to the rule violation.

The analysed financial years date back to 2018, with 2020 and 2021 being looked at as one single year, where clubs were allowed special adjustments in efforts to neutralise the negative impact  COVID-19 had.

The €172 million (AUD$251 million) which is spread across the eight clubs and will be withheld from club’s revenues in future UEFA club competitions or paid directly.

Additionally, 15% or €26 million (AUD$38 million) will be paid in full, while 85% or €146 million (AUD$213 million) is conditional depending on each club’s compliance with the targets stated in the settlement agreement.

UEFA also listed each club’s outstanding amounts:

  • AS Monaco’s and Olympique de Marseilles’s total amount is €2 million (AUD$3.9 million) with an unconditional amount of €300,000 (AUD$438,000).
  • Beşiktaş JK’s total amount is €4 million (AUD$5.8 million) with an unconditional amount of €600,000 (AUD$876,000).
  • AC Milan’s total amount is €15 million (AUD$22 million) with an unconditional amount of €2 million (AUD$3.9 million).
  • Juventus’s total amount is €23 million (AUD$33 million) with an unconditional amount of €3.5 million (AUD$5 million).
  • FC Internazionale Milano’s total amount is €26 million (AUD$38 million) with an unconditional amount of €4 million (AUD$6 million).
  • AS Roma’s total amount is €35 million (AUD$51 million) with an unconditional amount of €5 million (AUD$7 million).
  • Paris Saint-Germain’s total amount is €65 million (AUD$95 million) with an unconditional amount of €10 million (AUD$14 million).

The settlement agreements are identical for each club covering either a three or four-year period, with the aim to accompany clubs in their transition from UEFA’s previous ‘club licensing and financial fair play’ regulations.

Clubs with a three-year settlement agreement have until the 2025/26 season to comply with the new financial stability requirements, while AS Roma and Inter Milan, who chose the four-year settlement agreement, have an extra year.

Both clubs will also face unconditional sporting restrictions on new athlete registrations from the 2022/23 season onwards due to choosing a four-year agreement.

AEK Athens FC, LOSL Lille, İstanbul Başakşehir, SC Santa Clara, RSC Anderlecht and FC Porto will also pay up to

UEFA has also stated that there will  be no exceptional COVID-19 deductions or considerations based on financial historical results from 2023 onwards.

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