Uefa drop their meek authority and act on the threat of financial fair play

The threat of a penalty from Uefa’s 2009 financial fair play rules has up until now been little more than that, however, Michel Platini started to crack the whip on Tuesday.

Hitting clubs where it hurts – their pockets – Uefa has withheld 23 teams’ share of European prize money due to their failure to pay debts to other clubs or tax bills.

All of the clubs have or currently are competing in the European roulette of UEFA’s club competitions this season, with teams from Bosnia & Herzegovina and Romania the worst offenders, but no British sides were included on the list.

Some of the bigger names under investigation are Atletico Madrid and the financially troubled Malaga, Sporting and Fenerbahce.

In recent history punishment for club misdemeanours, such as fan violence or racism has come in the form of derisory fines, so to see meaningful punishments imposed is welcome change from the meek authority usually dished out.

And Uefa has sent a message of its intention to honour its far-reaching proposal of financial transparency across the continent, with their tightening of the prize money purse strings.

As part of the new rules clubs have been tasked with breaking even in 2012 and 2013, with an assessment during the 2013/14 season to follow. Transfer fees and outgoing payments have also been monitored since the start of last season.

Clubs are seemingly taking stringent notice of the financial reform too according the reliably informed @tariqpanja who today revealed “Had a brief chat with Lyon President Jean Michel Aulas. He reckons he’s shaved 30 percent off wage bill with summer sales. Motivated by FFP”

And Uefa said in a statement: “The clubs participating in Uefa club competitions had to provide information regarding the status of any overdue payables as at 30 June 2012. The CFCB investigatory chamber has identified that important overdue payables towards other clubs, and/or towards employees or social/tax authorities existed in 23 cases.”

Below is the full list of the clubs imposed with fines:

FK Borac Banja Luka (BIH)
FK Sarajevo (BIH)
FK Željeznicar (BIH)
HNK Hajduk Split (CRO)
NK Osijek (CRO)
Club Atlético de Madrid (ESP)
Málaga CF (ESP)
Maccabi Netanya FC (ISR)
FK Shkendija 79 (MKD)
Floriana FC (MLT)
FK Buducnost Podgorica (MNE)
FK Rudar Pjevlja (MNE)
Ruch Chorzów (POL)
Sporting Clube de Portugal (POR)
FC Dinamo Bucuresti (ROU)
FC Rapid Bucuresti (ROU)
FC Vaslui (ROU)
FC Rubin Kazan (RUS)
FK Partizan (SRB)
FK Vojvodina (SRB)
Eskisehirspor (TUR)
Fenerbahçe SK (TUR)

Next stop for the UEFA fair play committee “is to tackle the systemic corruption that’s rife in the world’s governing body FIFA” a spokesman didn’t say.

Tags: Atletico Madrid, FIFA, Financial Fair Play, La Liga, Malaga, Uefa

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