Sports

UEFA Fines Manchester United

UEFA Fines Manchester United

 

 

 

Manchester United have expressed their disappointment after being fined €300,000 (£257k) by UEFA for breaching FFP rules.

 

 

 

United bosses have been punished for minor ‘break even’ deficits during the Covid-19 pandemic. The club insists the fine will not affect the transfer budget made available to manager Erik ten Hag.

 

A club statement said: “While disappointed by the outcome, Manchester United accepts this fine for what UEFA acknowledges to be a minor technical breach of its previous Financial Fair Play rules.

 

“This reflected a change in the way that UEFA adjusted for COVID-19 losses during the 2022 reporting period, which allowed us to recognize only €15m (£13m) of the €281m (£241m) of revenues lost due to the pandemic within the FFP calculation.

 

 

“Post-pandemic, the clubs’ revenues have recovered strongly and are forecast to reach a record level in the current financial year.

 

 

“The club continues to support the enforcement of rules to promote financial fair play and sustainability across domestic and European football.”

 

United sustained €47m (£40m) of Covid losses in 2022, on top of €234m (£200m) of pandemic-related losses between 2019 and 2021.

It was the most suffered by any club in the Premier League. And the minor breaches occurred when United bosses failed to recognize an unforeseen change in the way UEFA treated Covid losses.

 

United hoped UEFA would be more flexible and accept the club’s oversight, but European football’s governing body has decided to fine them instead.

 

 

Meanwhile, the Red Devils have issued a response to a viral video of Mason Mount being hounded to sign shirts outside his hotel. Mount claimed to have been targeted by autograph hunters for three straight days as he was he filmed returning to his temporary residence.

AddThis Website Tools
Sahara Weekly

Sahara weekly online is published by First Sahara weekly international. contact saharaweekly@yahoo.com

Recent Posts

A LIFE LOST, A NATION WOUNDED: NAPS DEMANDS JUSTICE FOR STUDENT KILLED BY RECKLESS POLICE FIREA LIFE LOST, A NATION WOUNDED: NAPS DEMANDS JUSTICE FOR STUDENT KILLED BY RECKLESS POLICE FIRE

A LIFE LOST, A NATION WOUNDED: NAPS DEMANDS JUSTICE FOR STUDENT KILLED BY RECKLESS POLICE FIRE

A LIFE LOST, A NATION WOUNDED: NAPS DEMANDS JUSTICE FOR STUDENT KILLED BY RECKLESS POLICE…

8 hours ago
IGBOS HEROES FOUNDATION’S NATIONAL COORDINATOR CHINEDU NSOFOR REJECTS UMAHI’S CLAIMS, LISTS SOUTHEAST DEMANDSIGBOS HEROES FOUNDATION’S NATIONAL COORDINATOR CHINEDU NSOFOR REJECTS UMAHI’S CLAIMS, LISTS SOUTHEAST DEMANDS

IGBOS HEROES FOUNDATION’S NATIONAL COORDINATOR CHINEDU NSOFOR REJECTS UMAHI’S CLAIMS, LISTS SOUTHEAST DEMANDS

IGBOS HEROES FOUNDATION'S NATIONAL COORDINATOR CHINEDU NSOFOR REJECTS UMAHI'S CLAIMS, LISTS SOUTHEAST DEMANDS BY Joseph…

9 hours ago
Testimonies Galore As Apostle Suleman Ends Two-Day ‘Recovery Conference’ in CanadaTestimonies Galore As Apostle Suleman Ends Two-Day ‘Recovery Conference’ in Canada

Testimonies Galore As Apostle Suleman Ends Two-Day ‘Recovery Conference’ in Canada

Testimonies Galore As Apostle Suleman Ends Two-Day 'Recovery Conference' in Canada   As the powerful…

9 hours ago
Peter Obi Breaks Silence on Rome Visit Amid Smears and Propaganda StormPeter Obi Breaks Silence on Rome Visit Amid Smears and Propaganda Storm

Peter Obi Breaks Silence on Rome Visit Amid Smears and Propaganda Storm

Peter Obi Breaks Silence on Rome Visit Amid Smears and Propaganda Storm Presidential hopeful and…

18 hours ago
Blood in the Bush: Man Butchers 14-Year-Old Girl in Abia Over Rejected Rape Attempt, Police Accused of ExtortionBlood in the Bush: Man Butchers 14-Year-Old Girl in Abia Over Rejected Rape Attempt, Police Accused of Extortion

Blood in the Bush: Man Butchers 14-Year-Old Girl in Abia Over Rejected Rape Attempt, Police Accused of Extortion

Blood in the Bush: Man Butchers 14-Year-Old Girl in Abia Over Rejected Rape Attempt, Police…

18 hours ago
Casssahaaat!” – Davido Sparks Frenzy After Flaunting Mysterious Multi-Million Dollar PaycheckCasssahaaat!” – Davido Sparks Frenzy After Flaunting Mysterious Multi-Million Dollar Paycheck

Casssahaaat!” – Davido Sparks Frenzy After Flaunting Mysterious Multi-Million Dollar Paycheck

Casssahaaat!” – Davido Sparks Frenzy After Flaunting Mysterious Multi-Million Dollar Paycheck Afrobeats sensation Davido has…

18 hours ago