Uefa releases withheld prize money to 16 clubs

Nov 30, 2012 3:20:00 PM

Only seven of the teams which were punished for breaching of the FFP rules are still to receive their due compensation for participating in continental competitions

The Uefa Club Financial Control Body (CFCB) investigatory chamber has announced that 16 of the 23 teams which were found guilty of deviating from the Financial Fair Play (FFP) rules have received their owed funds.

A month ago a number of clubs, including Atletico Madrid an Malaga, saw their prize money for participating in European competitions withheld.

The funds, however, have now been released as the clubs had managed to settle their debts before the end of September.

"The investigatory chamber had temporarily suspended the distribution of prize money as a conservatory measure," read a statement on Uefa's official website.

"However, based on new information provided by the clubs to meet the subsequent deadline of 30 September 2012 and following its investigations, the CFCB decided, given that no overdue payables balances remained, to close the cases involving the 16 clubs.

"As a result, conservatory measures affecting the following teams have been lifted with immediate effect:

FK Zeljeznicar, FK Sarajevo, FK Borac Banja Luka, CSKA Sofia, Atletico Madrid, Maccabi Netanya, FK Shkendija 79, Floriana FC, FK Buducnost Podgorica, FK Rudar Pjevlja, Ruch Chorzow, Sporting Lisbon, Vaslui, FC Rubin Kazan, Fenerbahce and Eskisehirspor."

The teams that still have not received their payments, and now will be referred to the adjudicatory chamber, are: Hajduk Split, Osijek, Malaga, Rapid Bucharest, Dinamo Bucharest, Partizan, and Vojvodina.

Inside Goal.Com

Like Owomoyela, like Sam
The German-Nigerian has been put in the dicey position of having to decide his international future after J Loew called him up last week
Bayern's jinx - CL final referee Nicola Rizzoli
Goal takes a look at the career of the Italian arbiter to date following Uefa's decision to appoint the 41-year-old for Saturday's showpiece at Wembley
Goal's Serie A awards for 2012-13
Goal crowns the best and worst from Italy over the course of the season
2012-13: The season that ended an era
A frenzy of tears, salutes and send-offs have marked the finale of the campaign of goodbyes as the Premier League draws a line under its first defining generation
Who is the greatest Champions League striker ever?
Enter our competition now and you will be in with a chance of winning one of four replica football shirts. Simply pick your favourite and subscribe to our YouTube channel