FFP Comes Into Action - Prize Money Withheld from 23 Clubs

Niall

H&RB
Mar 11, 2010
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The first steps towards the implementation of UEFA's Financial Fair Play policy were taken today as prize money is being temporarily withheld from 23 clubs.

Source: Prize money for 23 clubs withheld ? UEFA.com

"The UEFA Club Financial Control Body's (CFCB) investigatory chamber, chaired by former Belgian Prime Minister Jean-Luc Dehaene, has today announced that 23 clubs involved in 2012/13 UEFA club competitions have seen the payment of their prize money temporarily withheld pending further investigation.

As part of the first measure of the financial fair play requirements included in the UEFA Club Licensing and Financial Fair Play Regulations 2012, the clubs participating in 2012/13 UEFA club competitions had to provide information regarding the status of any overdue payables as at 30 June 2012. Following its last meeting in August 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.


These cases involve the following 23 clubs:

FK Borac Banja Luka (BIH)
FK Sarajevo (BIH)
FK Željezničar (BIH)
PFC CSKA Sofia (BUL)
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 Budućnost Podgorica (MNE)
FK Rudar Pjevlja (MNE)
Ruch Chorzów (POL)
Sporting Clube de Portugal (POR)
FC Dinamo Bucureşti (ROU)
FC Rapid Bucureşti (ROU)
FC Vaslui (ROU)
FC Rubin Kazan (RUS)
FK Partizan (SRB)
FK Vojvodina (SRB)
Eskişehirspor (TUR)
Fenerbahçe SK (TUR)

Consequently, the CFCB investigatory chamber will continue their investigations and request these clubs to provide an updated situation as of 30 September 2012 with regards to overdue payables towards other clubs, employees and social/tax authorities.

This conservatory measure will remain into force until all identified balances have been settled in full or until a final decision by the CFCB adjudicatory chamber is taken."
 
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