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Man United News: Red Devils fined £257,000 by Uefa for 'minor' Financial Fair Play breach

In Man United news, Red Devils were one of a number of clubs sanctioned by Uefa under FFP rules in place between 2019 and 2022.

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Avignyan Mukhopadhyay
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Man United News | Sportz Point

In Man United news, Red Devils were one of a number of clubs sanctioned by Uefa under FFP rules in place between 2019 and 2022.

United said they were "disappointed by the outcome".

However, they added the club accepted the fine "for what Uefa acknowledges to be a minor technical breach of its previous Financial Fair Play rules".

A United statement read: "While disappointed by the outcome, Manchester United accepts this fine for what UEFA acknowledges to be a minor technical breach of its previous Financial Fair Play rules.

In other Man United news, In explaining the reason for the punishment, Man United continued that "this reflected a change in the way that Uefa adjusted for Covid-19 losses during the 2022 reporting period, which allowed us to recognise only 15m euros of the 281m euros of revenues lost due to the pandemic within the FFP calculation".

Barcelona were also fined 500,000 euros (£428,000) by European football's governing body.

Uefa said the Spanish club was guilty in 2022 of "wrongly reporting ... profits on disposal of intangible assets (other than player transfers) which are not a relevant income under the regulations".

"Post-pandemic, the clubs' revenues have recovered strongly and are forecast to reach a record level in the current financial year.

"The club continues to support the enforcement of rules to promote financial fair play and sustainability across domestic and European football."

The fine is not expected to impact the club's transfer budget this summer with moves for Andre Onana and Rasmus Hojlund still in the pipeline.

Meanwhile, Man City fans have taken to social media to poke fun at their neighbours after swarms of United fans previously criticised the Premier League champions for their own FFP charges.

AC Milan, Besiktas, Inter Milan, Marseille, Monaco, Paris St-Germain and Roma were found to have complied with FFP rules in 2022 but Uefa said it "will continue monitoring their compliance with the settlement agreement during next season".

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