UEFA have just announced that seven European clubs are to be investigated for potential breaches of the Financial Fair Play (FFP) guidelines, for the financial years ending in 2012 and 2013.
Inter-Milan, Liverpool, Monaco, Roma, Besiktas, Sporting Lisbon and FC Krasnodar are the seven clubs to be investigated by UEFA, for failing to abide by the FFP regulations.
It’s interesting that the first four clubs named above are now back in European competition this season, after missing out in the previous season.
The UEFA Club Financial Control Body (CFCB) has asked the seven clubs to submit further evidence as to why they should not be punished for overspending over the last three years.
Here’s the UEFA statement:
“These clubs will need to submit additional monitoring information during October and November upon the deadlines set by the CFCB, subsequent to which an additional communication will be made and conservatory measures may be imposed.”
Both Manchester City and Paris Saint-Germain were found guilty and fined £50M over the summer and restricted in the number of players they can play in their Champions League squads for the coming season, after they were found to have spent way beyond the UEFA guidelines over the last three seasons.
But we’ve seen very little of that reported in the press.
Both clubs won their respective leagues in their countries last season, and nothing was done to take those trophies away from the clubs – so we’re sure both City and PSG think that fine was well worth it.
And when UEFA President Michel Platini introduced the FFP guidelines some years ago, the punishment was supposed to be a ban on European competition, but that has not happened.
Instead UEFA has elected to fine the two clubs for overspending – but money is one thing they are hardly short of with their Billionaire owners – so that seems a ridiculous punishment – in fact it’s hardly a punishment at all.
And finally, there is no chance that Newcastle United will ever fall foul of the UEFA FFP spending guidelines – not while Mike Ashley is the club owner.
We’re not sure if that is good or bad.
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