PSG to pay UEFA $10m for breaching football club funding rules | Health and fitness

By GRAHAM DUNBAR – AP Sportswriter

GENEVA (AP) — Paris Saint-Germain must pay 10 million euros ($10 million) for breaching UEFA financial rules, with seven other clubs also being punished for overspending since 2018.

UEFA said its club finance investigators had ordered European competition prize money totaling €26m to be withheld from the eight clubs sanctioned under Financial Fair Play rules.

A total of €146m in additional penalties could be imposed if clubs fail to meet the financial targets over the next three to four years that they have agreed in settlement agreements, UEFA said.

PSG will have the biggest amount deducted from the Champions League prize money this season. A group of Italian clubs were as follows: Roma to waive a €5 million price tag, Inter Milan €4 million, Juventus €3.5 million and AC Milan 2 million euros.

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PSG’s French champion declined to comment on the deal, which covered the 2021-22 season when it added Lionel Messi to a superstar forward line that already included Kylian Mbappé and Neymar.

PSG won €110m in Champions League prize money for reaching the semi-finals of the 2020-21 season, the latest tally published by UEFA. The club’s total turnover last season was around €700m when they were knocked out in the Round of 16.

AC Milan said in a statement: “We will confidently continue on the virtuous path towards financial sustainability.” The Italian champion was bought this week by US investors RedBird Capital Partners in a €1.2 billion deal that included the New York Yankees as a minority partner.

Other deductions imposed by UEFA were €600,000 for Besiktas and €300,000 each for Marseille and Monaco.

Sanctions covering the four financial years from 2018 – including two seasons in which club revenues were severely impacted by the COVID-19 pandemic – are set to be the last major set of cases under FFP rules that UEFA announced in April will now be modified.

UEFA launched FFP a decade ago to monitor the income and expenditure of clubs that qualify to play in its club competitions to ensure they are approaching breakeven on their football-related activities. Clubs were allowed unlimited spending on stadiums and youth development projects.

Qatar-backed PSG had to pay UEFA €20m in 2014, while Abu Dhabi-owned Manchester City had to pay the same amount, in the first round of FFP deals.

Man City were among 19 named clubs that only broke even on technical aspects, UEFA said, such as concessions made for pandemic seasons when many games were played without fans. The other clubs in this category were Barcelona, ​​Borussia Dortmund, Chelsea, Sevilla and West Ham.

Among other instances, Champions League side Porto have been threatened with a one-season ban from UEFA competitions if they fail to meet a new break-even target.

The cases were studied by a panel whose new chairman is Sunil Gulati, the former president of the United States Soccer Federation and FIFA executive committee member who is a professor of economics at Columbia University.

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