UEFA may reopen FFP probe on previously sanctioned clubs

UEFA

UEFA

UEFA issued a warning on Monday that clubs whose finances have already been examined closely by its

Financial Fair  Play regulations may not be out the clear yet, European football’s ruling body told AFP.

The European football body suggests it will reopen previously concluded cases should new information arise.

The latest revelations came less than a week in the Football Leaks series.

All clubs affiliated to UEFA faces an annual assessment against the break-even requirements and many

have been investigated and either sanctioned or cleared.

But it now seems UEFA may go back over some closed cases.

“Should new information suggest that previously-concluded cases have been abused, those cases will be

re-opened as determined on a case by case basis,” UEFA told AFP.

Financial Fair Play Regulations

“FFP relies on the cooperation of clubs to declare a complete and genuine financial position,” UEFA said.

“It relies on that information being fair and accurate.”

It is an aftermath of the whistle-blowing, website Football Leaks claimed that between them

Qatar and Abu Dhabi have injected some 4.5 billion euros (USD 5.1 billion) into Manchester City and Paris

Saint Germain respectively over the last seven years.

UEFA allows for only a 30 million euros deficit and insists “Financial Fair Play has led to a steep change in

the health of the finances in European club football”.

“Seven years ago, European clubs had a cumulative debt of EUR 1.7 billion.

Last year it was a profit of EUR 600 million,” UEFA said in their statement on Monday.

PSG and Manchester City

Football Leaks, however, has point the finger at overvalued deals allowing clubs to inject huge sums

of cash that are totally imbalanced.

Previously, the duo of PSG and City were fined 60 million euros by UEFA in May 2014, but both were told

they would get 40 million euros back if they stuck to the terms of their settlement.

French investigative website Media part claims Gianni Infantino — the current FIFA president who was

then UEFA’s general secretary — “directly negotiated an agreement with Manchester City”, bypassing the

Financial Control Panel  of European football’s governing body.

FIFA blasts the claims as an attempt to “undermine the leadership” of the global body.

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