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Manchester United fined for Breaching Financial Fair Play!
UEFA’s Club Financial Control Body has fined Manchester United €300,000 (£256,744) for a “minor breakeven deficit” under its Financial Fair Play rules.
Manchester United were found to have returned a “minor breakeven deficit” under Financial Fair Play rules by UEFA’s Club Financial Control Body; the club said it “accepts” the fine but are “disappointed by the outcome”; situation not set to impact summer transfer plans.
The Club Financial Control Body (CFCB) found United did not meet their target to approach breakeven on football-related business, including player transfers, wages and social taxes.
A United statement read: “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 recognise only €15m (£12.8m) of the €281m (£240.5m) 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 are understood to be disappointed with what they see as UEFA’s lack of flexibility over accounting for losses during Covid-impacted seasons but accept they did commit the breach.
It is also understood that the situation will have no impact on the club’s ability to add to Erik ten Hag’s squad during the summer transfer window.
United’s only signing this summer has been Mason Mount, who arrived from Chelsea for £60m.
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The Club expressed gratitude to Tony and his assistant Mark Venus for their positive contributions over the past two seasons, stating that they will always be welcome back at the Stadium of Light and wishing them success in their future endeavors.
Sporting Director Kristjaan Speakman praised Tony’s impact, acknowledging his high regard among players, staff, and supporters. Speakman highlighted Mowbray’s role in guiding the team to the Sky Bet Championship Play-Offs and his significant contribution to team development. He emphasized that while a difficult decision, it aligns with the club’s ambition and strategy.
Emphasizing the commitment to their long-term strategy for sustainability and success, Chairman Kyril Louis-Dreyfus thanked Tony for his hard work and affirmed the club’s focus on implementing a high-performance culture and a strong playing identity.
The club reiterated the importance of fan support in their progress and invited supporters to the Stadium of Light during the festive period and into 2024.
During the interim period, Mike Dodds, supported by the existing coaching team, will oversee the first-team’s training and match preparations until the appointment of a new Head Coach is finalized.
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Following a contentious late penalty awarded to Paris Saint-Germain (PSG) during their 1-1 draw against Newcastle, the Video Assistant Referee (VAR) official involved in the decision has been replaced for an upcoming Champions League fixture. Tomasz Kwiatkowski, the Polish VAR official on duty at Parc des Princes, deemed a handball by Newcastle’s Tino Livramento, leading to Kylian Mbappe converting a 98th-minute penalty, salvaging a point for PSG managed by Luis Enrique.
See our reaction here:
This outcome potentially affects the Champions League group standings significantly, as PSG retains their second position, edging two points ahead of Newcastle, with one group game remaining. The penalty call didn’t originate from referee Szymon Marciniak but was reversed after Kwiatkowski prompted him to review the incident on the VAR screen.
Originally slated for VAR duty in the upcoming Real Sociedad versus RB Salzburg clash, Kwiatkowski has been replaced, according to reports. The replacement for the Polish official hasn’t been disclosed yet. Kwiatkowski, 45, frequently officiates in Poland’s top football league and possesses experience in European competitions.
Newcastle manager Eddie Howe expressed dissatisfaction with the VAR decision, emphasizing its timing and impact, stating, “I feel it is a poor decision and it’s hugely frustrating for us, as you know how little time there is left in the game. There is nothing we can do about it now.”
For Newcastle to secure a spot in the last 16 of the Champions League, they must defeat AC Milan at St James’ Park on the final matchweek while hoping PSG doesn’t secure a victory against Borussia Dortmund.
A geordie cover of the infamous ‘Allez, Allez, Allez’ football song to raise money for the the Newcastle Foodbanks ahead of Christmas. You can donate to the Warm Newcastle Christmas Meal appeal here – https://neoffers.co.uk/products/changing-lives-christmas-meal-appeal-north-east
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Please also consider donating to the Newcastle West end food bank – https://newcastlewestend.foodbank.org.uk/ Credit: The Geordie Chanter Song title is ‘Howay, Howay, Howay’ https://newcastlewestend.enthuse.com/pf/hhh
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