Manchester United caught by UEFA! This Friday, UEFA reveals that the Mancunian club have been subject to sanctions by the Club Financial Control Body (ICFC) for having committed breaches of financial fair play over a period of four years, between 2009 and 2022. Indeed, the Red Devils were fined the amount of which is set at 257,000 pounds sterling (300,000 euros) from the governing body of European football for having presented “ results relating to the financial equilibrium in deficit to a minor extent”.
The Premier League resident is not the only European club to suffer the wrath of UEFA. Indeed, the list is long and among the clubs concerned, it is FC Barcelona which receives the heaviest fine, namely 500,000 euros, for having recognized during the 2022 financial year “profits resulting from the sale intangible assets (excluding player transfers)” which are not considered relevant income under the regulations. As a reminder, Manchester United suffered 47 million euros in related losses during the 2022 control period, in addition to the 234 million euros in losses related to the Covid-19 pandemic in 2019/20 and 2020/21. . However, the club were unable to adjust this loss in their break-even calculation for 2022, due to an unforeseen change in the way UEFA handled Covid-19 losses during the transition to its revised regulatory framework. In the meantime, the club is trying to ensure that this sanction will not have an impact on its budget as well as on its ambitions at the start of the summer transfer window.
