FC Barcelona, Manchester United fined by UEFA for breaking financial fair play rules

 Barcelona was fined 500,000 euros ($560,000) by UEFA on Friday and Manchester United must pay 300,000 euros ($336,000) in last round of financial monitoring using Financial Fair Play rules that have since been replaced.

Barcelona was punished for wrongly reporting profits from “disposal of intangible assets” that should t have been accounted for as income according to FFP rules, UEFA said in a statement. UEFA did t specify asset that was sold.

Man United did t meet its target to approach break-even on soccer-related business that includes player transfers, ws and social taxes for FFP assessment.

former European champions each earned tens of millions of euros (dollars) in UEFA prize money last season. Barcelona played in Champions League group st n lost in Europa League kckout playoffs to United, which was eliminated at quarterfinal st by eventual winner Sevilla.

UEFA’s club finance panel judged United’s offense, and similar ones by APOEL and Konyaspor, to be “mir break-even deficits.” or clubs were each fined 100,000 euros ($112,000).

United published a statement citing different way to assess post-pandemic finances for hundreds of clubs who qualify for European competitions and n are scrutinized by UEFA-appointed investigators.

“This reflected a change in way that UEFA adjusted for COVID-19 losses during 2022 reporting period, which allowed us to recognize only 15 million euros of 281 million euros of revenues lost due to pandemic within FFP calculation,” three-time European champion said.

A group of storied clubs – including AC Milan, Inter Milan and Paris Saint-Germain – who were fined by UEFA last September all met ir stricter financial targets for last season. y will continue to be monitored for compliance over next year.

İstanbul Başakşehir did t meet its targets and was fined 400,000 euros ($448,000).

Two clubs failing to meet break-even targets in new cases were new Belgian champion Royal Antwerp and Trabzonspor. Each must pay 300,000 euros ($336,000) w with conditional fines of up to 1.7 million euros ($1.91 million) more due if subsequent targets are missed.

Anderlecht was fined 100,000 euros ($112,000) as a previously conditional financial penalty was activated.

Three clubs, Riga, Olimpija Ljubljana and Slovan Bratislava, were each fined 10,000 euros ($11,200) for “failing to submit complete and accurate break-even information by required deadline.” It is third time Olimpija has been fined under FFP rules since its former board member Aleksander Čeferin was elected UEFA president in 2016.

UEFA has updated FFP rules that were approved in 2009 with a new monitoring system. It prioritizes financial sustainability for clubs and moved away from setting competitive balance on field as an achievable target.