BREAKING: Chelsea Escape With Warning as Uefa Fine 8 Clubs Including AC Milan, Juventus and PSG £149m For FFP Breaches
CHELSEA, Manchester City, West Ham and Leicester have been warned they face 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.
Chelsea spent over £271million this summer on new signings including defender Wesley Fofana
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.
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.
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.
Euro chiefs said: “These amounts will be withheld from any revenues these clubs earn from participating in UEFA club competitions or paid directly.
“The clubs agreed to comply with the football earning rule during the 2025/26 season.
“They undertake to reach intermediate annual targets, and to the application of conditional financial and sporting measures should these targets not be met.”
Leave a Comment