UEFA, the governing body of European football, has imposed fines on several clubs for failing to comply with its new breakeven financial policy, the governing body has announced.
The list includes eight clubs that have each settled with UEFA and will be fined 172 million euros total of which 26 million euros must be paid in full with the balance conditional on compliance with targets laid out in their respective settlement agreements.
The clubs namely are Paris St Germain, AC Milan, Juventus, Inter Milan, AS Monaco, Roma, Olympique de Marseille and Besiktas.
PSG, AS Monaco, Marseille, AC Milan and Juve plus Besiktas have reached settlements covering the next three years, while Inter and AS Roma agreed to four-year settlements, UEFA said in a statement.
The French Champions PSG are on the hook for the biggest fine totalling 65 million euros of which 10 million must be paid in full followed by Roma, who are liable for a penalty of 35 million euros, five million of which must be paid in full.
UEFA imposed fines after these clubs failed to comply with the new financial regulations which came into effect on June 1st. New sustainability regulations were introduced earlier this year to replace the previous Financial Fair Play (FFP) system.
Under the new rules, acceptable losses have doubled from 30 million euros to 60 million euros over three years.
The clubs that have agreed to a three-year settlement have until the end of the 2025-26 season to comply with the new UEFA sustainability rules, failing which they can be held liable for the full amount of the fines set by UEFA.
Failure to comply could also result in the clubs being banned from UEFA competition in the 2024-25 and 2025-26 seasons, as well as being banned from registering new players in the 2026-27 season.
Nineteen other clubs, including Manchester City, Chelsea, West Ham United, Leicester City and Barcelona avoided punishment due to the emergency relief measures UEFA instituted during the COVID-19 pandemic or because they had benefited from historically positive break-even results.
They will be monitored closely as neither Covid-related deductions nor historical finances would be considered from the next financial year.
