FC Barcelona has been struggling with financial problems for several years The Newspaper reports that it has received a huge penalty from UEFA after ‘tampering’ with its accounting.
FC Barcelona allegedly did not correctly enter income from the sale of television rights in its accounts. UEFA intervenes and imposes a huge fine.
Big blow
FC Barcelona has started the new season well, but is now dealing with a big blow. Behind the scenes, Barça had passed on 25% of the sales of the television rights as operating income and not as extraordinary income. The club wanted to avoid the Financial Fair Play rules.
However, UEFA noticed the tampering and imposed a fine of no less than 500,000 euros. FC Barcelona appealed to the international sports tribunal CAS, but the appeal was rejected, meaning that the Spanish top club now has to cough up half a million euros.
Distressing
What makes the situation even more distressing is that FC Barcelona had the opportunity to correct the mistake, which meant that it only had to pay 80,000 euros. From Blaugrana However, it chose to continue to deny everything adamantly, which means it now has to pay a huge fine. Barça’s actions are seen as deliberate.
Barça loses its fight with Uefa in the CAS for failing to comply with financial fair play and must pay the €500,000 penalty imposed on it. The Court considers it proven that the income from the sale of 25% of TV was camouflaged as relevant and not extraordinary income. https://t.co/NjPMbamC6X
— Rafa RNMJ Real Madrid (@RafaRNMJ) October 18, 2024
