UEFA, the governing body of European football, has fined eight clubs for breaching terms of the Financial Fair Play. These clubs are PSG, Inter Milan, AC Milan, Marseille, Roma, Monaco, Besiktas, and Juventus. UEFA had taken into consideration the financial transactions of all European clubs between 2018 to 2022 in order to finalise the list of defaulters. Some clubs like Chelsea, West Ham, and Napoli were able to fulfill the requirements due to the implementation of COVID-19 emergency measures.

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The highest fine is to be paid by PSG- €10 million, while Roma will pay €4 million and Inter will have to shell out €5 million. UEFA has asked the eight clubs to pay a combined €26 million (15% of the total fines) and the rest “is conditional depending on these clubs’ compliance with the targets stated in the respective settlement agreement”.

What are Financial Fair Play regulations?
UEFA’s Financial Fair Play regulations are a set of rules placed in order to prevent clubs from spending more than they earn, by which they can land in debt and threaten their own existence. The rules were first implemented at the beginning of the 2011-12 season. The analysis of the clubs’ expenses is done by UEFA’s Club Financial Control Body (CFCB).

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According to the current FFP regulations, all clubs have to “comply with the break-even requirement”, which means that there has to be a balance between what they earn and what they spend. If any disbalance occurs in one season, the club will have a period of three years to balance their books. 

Only the amounts spent on paying dividends, employee benefits, player transfers, revenues, and finance costs will be considered over their TV revenues, prize money, player sale, advertisements, and matchday sales. The money that the clubs spend on training facilities, youth development, or infrastructure is not included while calculating whether they have matched the break-even requirement.