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UEFA withold prize money

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Rosco

Rosco

Worse than Brendan
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UEFA-president-Michel-Pla-008.jpg

The Uefa president, Michel Platini, is overseeing the implementation of new financial fair play rules. Photograph: Karim Jaafar/AFP
Uefa has withheld 23 clubs' share of European prize money due to their failure to pay debts to other clubs or tax bills. The clubs include some famous names in European football such as Atlético Madrid, Sporting Lisbon, Fenerbahce and Málaga, but no British sides.
The sanctions follow the first elements of Uefa's financial fair play rules coming into force regarding unpaid debts, with the prize money temporarily withheld pending further investigation.
The action was taken by the Uefa club financial control body (CFCB) investigatory chamber, chaired by the former Belgian prime minister Jean-Luc Dehaene.
Uefa said in a statement: "The clubs participating in Uefa club competitions had to provide information regarding the status of any overdue payables as at 30 June 2012. The CFCB investigatory chamber has identified that important overdue payables towards other clubs, and/or towards employees or social/tax authorities existed in 23 cases."
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localny said:
When they target Chelsea and City, we'll know they are serious.
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They can't target them, cos contrary to popular opinion they've broken no part of ffp rules.

Ffp only applies to European competition too so psg can spend away til they're in the uefa or cl, then provided they spend a bit less each year (which won't be difficult as turnover will increase so could spend the same insane amount) they haven't done anything wrong.
 
On a sidenote, we're receiving money from UEFA

Bayern Munich (Germany), Real Madrid (Spain), Barcelona (Spain), Manchester City (England), Juventus (Italy) and Liverpool (England) are the six teams that will receive the most in terms of compensation linked to the profits from the 2012 European Championship in Poland and the Ukraine, UEFA has announced.

German giant Bayern will get the biggest slice of the bounty with a total of €3,095,393, followed by Real Madrid (€2,996,585), Barcelona (€2,210,202), Manchester City (€2,069,465), Juventus (€2,023,012) and Liverpool (€1,972,376).

In accordance with the Memorandum of Understanding signed in March this year between UEFA and the European Club Association (ECA) to compensate for the release of players for international matches, a total of 575 clubs will receive payments from UEFA for making their players available. This represents a sizeable increase on the 180 teams that were on the receiving end of these dividends after Euro 2008 in Austria and Switzerland.

According to figures provided by UEFA, out of the pot of €100 million made available for distribution, €40 million has been set aside for clubs that released their players for qualifying matches, with the remaining €60 million allotted to the teams that did so for the finals in Poland and the Ukraine.

Clubs are allocated an equal share per player released per qualifying fixture, while for the finals a fixed rate applies for every day each player spends at the tournament.
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Thanks to Roy for the call ups. 😛
 
£2m .... Hmmm .... Where could we have spent that £2m recently. ? Hmmmm I'm sure we were £2m short for something
 
Dee said:
£2m .... Hmmm .... Where could we have spent that £2m recently. ? Hmmmm I'm sure we were £2m short for something
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oh dear ... the numbers always seem to add up and point back to our f*ck ups.
 
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