Barcelona fine for breaching UEFA’s financial rules UPHELD following rejected appeal after Spanish side fined £434,000… amid claims that they also made payments to former referee vice-president
- Barcelona’s appeal against 500,000 euro fine imposed by UEFA was rejected
- Club also under investigation for allegedly The nature of the wrongly reported profits was not specified by UEFA
- Barcelona is also under investigation by UEFA regarding allegations of making payments to a former vice-president of Spain’s referees’ committee
A fine imposed on Barcelona for a breach of UEFA’s financial reporting rules has been upheld following an appeal by the club.
Barca were fined 500,000 euros (£434,000) in July by the UEFA Club Financial Control Body (CFCB) First Chamber for wrongly reporting profits on the disposal of intangible assets, other than player transfers, in the financial year 2022 which were not considered as relevant income.
Now, the CFCB’s Appeals Chamber has rejected the club’s appeal and upheld the First Chamber’s initial decision and sanction.
UEFA has not said precisely what the profits wrongly reported by the club related to, but the PA news agency understands it is related to Barcelona including the sale of future TV rights as profit in their 2022 accounts.
The club are also the subject of a separate UEFA investigation into allegations they made payments to a former vice-president of Spain’s referees’ committee
A fine imposed on Barcelona for a breach of UEFA’s financial reporting rules has been upheld following an appeal by the club
In 2022, Barcelona sold 25 per cent of their domestic television rights for the next 25 years to global investment firm Sixth Street. Sixth Street said the purchase of the first 10 per cent of those rights in June last year was worth 267million euros (231.7m) to the club.
The club are also the subject of a separate UEFA investigation into allegations they made payments to a former vice-president of Spain’s referees’ committee.
Reports in February claimed the club paid companies owned by Jose Maria Enriquez Negreira 7million euros (£6.2million) between 2001 and 2018.
Negreira was the vice-president of the Spanish football federation’s refereeing committee from 1993 to 2018.
Barcelona and Negreira have denied any wrongdoing, with club president Joan Laporta saying earlier this year: ‘Barca have never bought referees nor influence.
‘That was never the intention and that has to be clear. The facts contradict those that are trying to tell a different story.’
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