PSG to pay UEFA $10M for breaking soccer club finance rules

The eight teams that were penalised for violating the Financial Fair Play regulations were told to keep 26 million euros in prize money from European competitions, according to UEFA's club finance investigators.

If the clubs don't reach the financial goals they've established in settlement agreements for the following three to four years, UEFA indicated that additional penalties totaling 146 million euros might be levied.

The most money will be taken out of PSG's Champions League winnings this year. The following group of Italian clubs had to surrender prize money totaling 5 million euros to Roma, 4 million euros to Inter Milan, 3.5 million euros to Juventus, and 2 million euros to AC Milan.

According to the most recent award list released by UEFA, PSG received 110 million euros in Champions League prize money for making it to the semifinals in the 2020–21 season. When it was eliminated in the round of 16, the club's total revenue from the previous campaign was estimated to be around 700 million euros.

"We will continue with confidence on the righteous route towards financial sustainability," AC Milan stated in a statement. RedBird Capital Partners, an American investment firm, purchased the Italian champion last week for 1.2 billion euros, with the New York Yankees participating as a minority partner.

The penalties for the four fiscal years beginning in 2018—including the two seasons in which club revenue was significantly impacted by the COVID-19 pandemic—should be the final significant round of cases under the FFP guidelines that UEFA indicated in April will now be changed.

In order to ensure that the clubs that meet the requirements to compete in its club championships are close to break-even on their soccer-related activities, UEFA created FFP ten years ago. Clubs could spend as much money as they wanted on stadium and youth development initiatives.

In the first round of FFP cases in 2014, Qatar-backed PSG was had to pay UEFA 20 million euros, while Abu Dhabi-owned Manchester City was also required to pay the same sum.

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