(Finance) – The First Section of the Club Financial Control Body (CFCB), chaired by Sunil Gulati, has announced a series of decisions concerning the clubs that have participated in the competitions UEFA 2021/22.
The First Section of the CFCB found that AC Milan (ITA), AS Monaco (FRA), AS Roma (ITA), Besiktas JK (TUR), FC Internazionale Milano (ITA), Juventus (ITA), Olympique de Marseille (FRA) and Paris Saint-Germain (FRA) did not comply with the requirement of balanced budget.
The analysis covered the financial years 2018, 2019, 2020, 2021 and 2022. The financial years 2020 and 2021 were the subject of the Covid emergency measures, aimed at neutralizing the negative effects of the pandemic. Based on these measures, the financial years 2020 and 2021 have been assessed as a single period; Additionally, clubs have been granted specific adjustments for covid-19 and to calculate the average 2020 and 2021 combined deficits.
The eight clubs have agreed to pay a contribution financial from 172 million euros. These amounts will be deducted from any revenue the clubs earn from participating in UEFA competitions or paid directly. Of this amount, 26 million euros (15%) will be paid in full, while the residual balance of 146 million euros (85%) is conditional on compliance with the objectives indicated in the respective settlement agreement.
As for the Italian clubs, the Milan will have to pay 2 million (15 if not within 3 years), the Juventus 3.5 (23 if it does not fall within the next three years), theInter 4 (26 if it will not return in 4 years), the Rome 5 (35 in case of failure to return in the next 4 years).