ESPN News Services Jul 14, 2023 8:50 am ET2 Minute Read
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Both Manchester United and Barcelona have been fined for violating UEFA’s Financial Fair Play (FFP) regulations, the governing body revealed in its latest round of monitoring on Friday.
United was fined 300,000 euros ($336,420) for “minor break-even deficits” for fiscal years between 2019 and 2022.
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Barca, meanwhile, have been fined a larger €500,000 ($560,700) “for misrepresenting gains from the sale of intangible assets (other than player transfers) in financial year 2022 that do not constitute relevant income under the regulations,” the said UEFA in a statement.
FFP was introduced by UEFA in 2009 to prevent football clubs from spending more than they earn in the pursuit of success, thereby jeopardizing their long-term financial health.
AC Milan, Inter Milan and Paris Saint-Germain – who were fined by UEFA in September – all met their tougher financial targets for last season. Compliance will continue to be monitored over the next year.
UEFA has updated the FFP rules adopted in 2009 with a new monitoring system. The focus is on the financial sustainability of the clubs and the competitive balance on the pitch is no longer set as an achievable goal.
Information from the Associated Press contributed to this report.