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Six more clubs come under UEFA’s financial spotlight

Six more clubs come under UEFA’s financial spotlight

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UEFA has announced its latest set of punishments under its financial fair play drive by stating that six clubs involved in the 2013-14 continental club competitions have had their prize money temporarily withheld pending further investigation.

UEFA has announced its latest set of punishments under its financial fair play drive by stating that six clubs involved in the 2013-14 continental club competitions have had their prize money temporarily withheld pending further investigation.

The clubs involved – Astra Ploieşti (Romania), Metalurh Donetsk (Ukraine), Hajduk Split (Croatia), HŠK Zrinjski (Bosnia & Herzegovina), Skonto FC (Latvia) and Trabzonspor (Turkey) – have been cited by UEFA’s Club Financial Control Body (CFCB) investigatory chamber. Clubs participating in this year’s UEFA competitions had to provide information regarding the status of any overdue payables as on June 30, 2013. After its last meeting in September, the CFCB investigatory chamber has identified that “important overdue payables” towards other clubs and/or towards employees or social/tax authorities existed in the six cases.

The suspension of prize money will remain in force until all identified balances have been settled in full, or until a final decision by the CFCB adjudicatory chamber is taken. In addition, the CFCB investigatory chamber has requested an additional 25 clubs submit further information, and these clubs will be kept under monitoring during the coming weeks. UEFA said the introduction of its Club Licensing and Financial Fair Play Regulations have seen overdue payables decrease from Eur57 million in June 2011 to Eur9 million in June 2013.

Malaga was one of eight clubs that had been sanctioned by the CFCB in December due to the presence of significant overdue payables. Last season’s Champions League quarterfinalist failed to meet repeated UEFA deadlines and was banned from this year’s Europa League. Malaga had earned the entry by finishing sixth in the Spanish Primera Division.