UEFA warns Real Madrid and Barcelona over possible Financial Fair Play breaches – media

Union of European Football Associations (UEFA ) notified”Real ” And “Barcelona that cash generated from the sale of future revenue streams will not be considered legitimate profit when reviewing compliance with financial fair play rules, according to The Telegraph.

According to the publication, in the summer of 2022, UEFA considered the sale of a number of future sources of income by Barcelona for the amount of around 700 million euros as a debt. The same was true of Real Madrid, which ceded to the American investor Sixth Street part of the future profits from the operation of the Santiago Bernabeu for 360 million euros.

On Friday, the UEFA Club Financial Control Body (CFCB) announced a fine of €500,000 to the Catalan team for inaccurate information in their 2022 report on profits from the sale of intangible assets (other as player transfers) which do not constitute qualifying income under the rules. .

The Telegraph

Source : MatchTV

Related articles

Comments

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share article

Latest articles

Newsletter

Subscribe to stay updated.