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Barcelona misplaced an attraction to UEFA in opposition to being fined 500,000 euros ($537,000) for misreporting earnings beneath monetary monitoring guidelines, the European soccer physique stated Friday.
UEFA’s membership finance panel imposed the wonderful in July after Barcelona declared earnings in 2022 on revenue from “disposal of intangible belongings (apart from participant transfers) which aren’t a related earnings beneath the laws.”
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UEFA has not specified details of the revenue which was included in its accounts amid financial turmoil for the current Spanish champion.
In June 2022, Barcelona made a deal worth 207 million euros ($222 million) with investment firm Sixth Street in exchange for 10% of its domestic broadcast rights income over 25 years.
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Barcelona’s financial issues led to the club joining a failed launch of the European Super League in 2021, the reluctant departure of Lionel Messi later that year and an inability to bring Messi back for this season when he wanted to return. Messi instead joined Inter Miami.
The La Liga club have had deep economic problems in recent years, selling off a substantial chunk of future television rights income in 2022 and other parts of the club to keep buying and registering players in the short term.
(This story has not been edited by News18 staff and is published from a syndicated news agency feed – Associated Press)
first published: November 04, 2023, 07:50 IST
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