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Six clubs sanctioned for overdue payables

Published: Friday 20 December 2013, 17.00CET
Skonto FC, FC Petrolul Ploieşti and FC Metalurh Donetsk are among six clubs sanctioned for overdue financial payables by the UEFA Club Financial Control Body's adjudicatory chamber.
Six clubs sanctioned for overdue payables
The UEFA Club Financial Control Body has sanctioned six clubs ©UEFA.com

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The Club Financial Control Body (CFCB) Investigatory Chamber today announced that ten clubs, for which investigations were opened following non-compliance with Financial Fair Play (FFP) break-even regulations, have individually agreed to settlement agreements. The clubs are AS Monaco FC, AS Roma, Beşiktaş JK, FC Internazionale Milano, FC Krasnodar, FC Lokomotiv Moskva and Sporting Clube de Portugal and, for minor breaches, FC Rostov, Kardemir Karabükspor and PFC CSKA Sofia. The CFCB Investigatory Chamber also announced that VfL Wolsburg have been found (following the submission of additional financial information) to have satisfied the break-even requirement and are no longer under investigation. These settlement agreements aim to ensure that each club achieves break-even compliance with minimal delay, and are defined by Articles 14 (1) (b) and 15 of the Procedural Rules governing the CFCB. Each of the settlement agreements includes some or all of the following provisions: Break-even targets: Defined as (i) annual and aggregate break-even results as per individual summary settlements, and/or (ii) financial covenants on the level of employee benefit expenses (total wages and benefits) and player’s amortization incurred in the relevant reporting period(s); Sporting measures: Defined as limitations on (i) the number of players included on the 'A' list related to UEFA competitions, and/or (ii) the registration of newly-transferred players on the 'A' and 'B' squad lists related to UEFA competitions; and/or (iii) employee benefit expenses (total wages and benefits) incurred in the relevant reporting period(s); and Financial contributions: Defined as (i) money withheld from revenues earned from participation in UEFA competitions; or (ii) an amount to be paid in full by a certain deadline. Such contributions shall not impact future break-even calculations. In the event of a club not qualifying for UEFA competition next season, it will nonetheless be subject to the terms of the settlement agreements. The individual settlement agreements will published on UEFA.org next week and a club-by-club summary for information purposes has been published at (LINK). Four previous settlement agreements were announced on 27 February 2015, so today's announcement brings the total number of settlement agreements for 2014/2015 to 14.

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Published: Friday 20 December 2013, 17.00CET

Six clubs sanctioned for overdue payables

Skonto FC, FC Petrolul Ploieşti and FC Metalurh Donetsk are among six clubs sanctioned for overdue financial payables by the UEFA Club Financial Control Body's adjudicatory chamber.

The UEFA Club Financial Control Body (CFCB) adjudicatory chamber, chaired by José Narciso da Cunha Rodrigues, has taken decisions in the cases of six clubs that had been referred to it by the CFCB chief investigator, due to the presence of overdue payables balances.

The decisions of the CFCB adjudicatory chamber are as follows:

Skonto FC (LVA): The club is excluded from participating in the next UEFA club competition for which it would otherwise qualify on its results or standing in the next three seasons (i.e. 2014/15, 2015/16, 2016/17) unless the club is able to prove by 31 January 2014 that it has paid the amounts that were identified as overdue payables on 30 September 2013. In addition, Skonto FC has also been fined €40,000.

WKS Śląsk Wrocław (POL): The club has been fined €20,000.

Vitória SC (POR): The club has been given a reprimand.

CS Pandurii Târgu Jiu (ROU): The club had been fined €40,000.

FC Petrolul Ploieşti (ROU): The club is excluded from participating in the next UEFA club competition for which it would otherwise qualify on its results or standing in the next three seasons (i.e. 2014/15, 2015/16, 2016/17) unless the club is able to prove by 31 January 2014 that the amounts that were identified as overdue payables on 30 September 2013 have been paid. In addition, FC Petrolul Ploieşti has also been fined €50,000.

FC Metalurh Donetsk (UKR): The club is excluded from participating in the next UEFA club competition for which it would otherwise qualify on its results or standing in the next three seasons (i.e. 2014/15, 2015/16, 2016/17) unless the club is able to prove by 31 January 2014 that it has paid the amounts that were identified as overdue payables on 30 September 2013. In addition, FC Metalurh Donetsk has also been fined €80,000.

Last updated: 09/05/14 3.08CET

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