ALL POSTS TAGGED "Financial Fair Play - Page 4"

News

/ 1059 days ago

Man United transfer war chest limited by FFP, says report

Manchester United will reportedly have to be careful with their spending this summer to stay in line with FFP measures. According to ESPN, the Red Devils are set to purchase new players, but overall spending will be limited. The club needs multiple reinforcements after qualifying for the Champions League last season. United's 2023 first-quarter financial […]

News

/ 1084 days ago

Verdict on Everton FFP violations may take 4 years to complete

Everton may not know the verdict of its alleged breach of Financial Fair Play, or FFP, rules for another four years. News initially surfaced of the charges back in March. However, while fellow Premier League clubs had hoped for a quick resolution to the issue, it seems as if everyone will have to remain patient. […]

News

/ 1099 days ago

Man City appeal charges because lawyer involved is Arsenal fan

Manchester City will reportedly appeal the current charges by the Premier League because of the person in charge of the disciplinary process. Previously, the Premier League charged the reigning English champions with 115 financial rule violations during a 14-year period. These wrongdoings occurred from 2009 through the current campaign. Nevertheless, The Times is reporting that […]

News

/ 1100 days ago

Everton face being sued for $375m if it avoids relegation

The Everton financial situation could be greatly affected whether it is relegated from the Premier League or not as there is a chance it is being sued for hefty sums. Reports out of England claim clubs surrounding the Toffees in the table would sue the Merseyside team should it avoid relegation. Everton picked up charges […]

News

/ 1137 days ago

Chelsea accumulate $1billion+ loss but claim FFP compliance

Chelsea recently became the first club to accumulate losses of over $1 billion. Many financial experts think Chelsea's sudden loss of revenue was because of British government sanctions put on previous owner Roman Abramovich, which hurt ticket sales, contract negotiations, and more. Chelsea post huge loss The operating loss, valued at $292 million, puts them […]

News

/ 1143 days ago

Reading deducted 6 points in Championship due to FFP breach

The English Football League docked Championship side Reading six points after an FFP breach. The governing body issued the penalty after the club failed to obey certain budgetary restrictions. Reading faced warnings about the financial issue regarding EFL's profitability and sustainability rules. The Royals have been in trouble with the EFL for a few years […]

News

/ 1146 days ago

Everton may face points deduction for FFP breach

Everton could be facing a points deduction for breaking Premier League's financial rules. Current laws in place state that English top flight teams can't post losses exceeding $128 million over a three-year period. Everton, however, have recorded a $421 million deficit during this timeframe. This is more than three times the loss limit. The Premier […]

News

/ 1153 days ago

Everton facing alleged breach of Financial Fair Play rules

Everton is under the microscope of an independent commission regarding a violation of the Premier League's financial fair play rules. The Premier League claims that the breach in financial rules occurred during the 2021/22 campaign. Those rules state clubs are allowed to lose a maximum of $128 million over a three-year span. These Profitability and […]

News

/ 1196 days ago

Guardiola assures City he’s staying despite FFP violations

Manchester City boss Pep Guardiola has made it clear that he's not leaving the club anytime soon, despite the alleged financial violations. The coach spoke on the team's recent legal issues for the first time on Friday. City is currently under investigation for allegedly breaking Financial Fair Play rules more than 100 times. Fines, Premier […]

News

/ 1199 days ago

Man City allegedly broke financial rules more than 100 times

The Premier League has charged Manchester City with breaking the financial rules set in place more than 100 times. The five-year investigation reviewed breaches that occurred over a time span from 2009/10 to 2017/18. According to the Premier League, Manchester City broke the rules in the sense that the club failed to provide the league […]

News

/ 1213 days ago

UEFA to close FFP loophole due to Chelsea long-term deals

UEFA looks set to make changes to their Financial Fair Play rules. The governing body of the sport in Europe has allowed teams to spread out transfer fees on players over the duration of their full contract with their new club. However, new tweaks to the rule will reportedly limit this duration to five years. […]

News

/ 1233 days ago

Barcelona hit with Financial Fair Play violation and fine

Barcelona paid a fine resulting from overspending and triggering the Financial Fair Play regulations. This stems from Barcelona's acquisition of Dani Alves, Andreas Christensen and extending Ronald Araújo's contract. Barcelona's excessive spending is a much-noted topic. Just this past summer, Barcelona spent well over $100 million on Raphinha, Robert Lewandowski and Jules Koundé. However, the […]