Roma have been released from their FFP settlement agreement, while Inter remain and an investigation into Paris Saint-Germain has been closed.
UEFA released a statement this evening on the Financial Fair Play status of several clubs.
Roma have been released from their FFP settlement agreement, while Inter remain and an investigation into Paris Saint-Germain has been closed.
UEFA released a statement this evening on the Financial Fair Play status of several clubs.
“The CFCB Investigatory Chamber confirmed that FC Krasnodar, FC Lokomotiv Moscow, AS Monaco FC, AS Roma and FC Zenit St Petersburg have been considered in compliance with the requirements and overall objective of their agreements. Consequently, they have all exited the settlement regime.”
This means the Giallorossi no longer have to sell players to balance the books or face specific limitations or fines.
On the other hand, “Fenerbahçe SK, FC Internazionale Milano and Trabzonspor AŞ have partially fulfilled the targets set for season 2017/18.
“As a consequence, the foreseen conditional sporting measures, such as the transfer restrictions and the limitation on the number of players in the List A, will not be lifted and will continue to apply in the season 2018/19. Additional financial contributions, if applicable, will be withheld as specified in each respective agreement.
“The settlement regime will continue to apply for season 2018/19 for both FC Internazionale Milano and Trabzonspor AŞ; and up to and including season 2019/20 for Fenerbahçe SK; as originally foreseen.”
This means Inter will have to evaluate the expenses on the transfer market and balance the books even for the last two years, when they were not in Europe.
Despite some rather controversial moves, Paris Saint-Germain will escape sanction for their FFP status.
“The CFCB Investigatory Chamber further decided to close the investigation into Paris Saint-Germain. Such decision follows a detailed review of transfer contracts and an analysis of the related management accounts which confirmed that such transactions were in line with the UEFA Club Licensing & Financial Fair Play Regulations.
“Furthermore, the chamber concluded that after significant fair value adjustments of several club sponsorship contracts – on the basis of evaluations performed by independent third party assessors – the break-even result of the club remains within acceptable deviation for the financial years ending in 2015, 2016 and 2017.
“The financial impact of transfer activities as from the 2017 summer – up to and including the upcoming transfer window – and compliance with the break-even requirement for the 2018 financial year will remain under close scrutiny and will be thoroughly looked at in the coming weeks.”
Nonetheless, PSG will effectively have to sell players for €60m by the end of the month to continue the break-even requirement.
Galatasaray and Maccabi Tel Aviv were not in compliance with the break-even requirement and have agreed new settlement agreements.
Olympique Marseille were fined €100,000.