Barcelona Hit With UEFA Fine for Breaching Financial Rules

• Barcelona have been hit with a €500,000 fine for breaching FFP rules
• The fine stems from “wrongly reporting” profits on non-player sales during the 2022 financial year
• The Blaugrana won La Liga last season but still face serious financial problems

Barcelona may have won La Liga last season, but their financial problems seem to follow them. The club has been hit with a UEFA fine for breaching Financial Fait Play rules

The Spanish giants have been in financial turmoil in the last few years, something which does not seem to go away.

They will have to pay a fine of €500,000 as they try and navigate a difficult financial period for the club. UEFA statement read:

“FC Barcelona (ESP) was imposed a fine of €500,000 for wrongly reporting, in the financial year 2022, profits on disposal of intangible assets (other than player transfers) which are not a relevant income under the regulations.”

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UEFA revealed the news following a "monitoring" period in the 2022/23 season, which covered 2019-2022. The penalties were based on UEFA's previous rules since new regulations come into effect next season, p[er the Athletic.

Manchester United, Porto, and Anderlecht were other clubs fined by UEFA.

FFP was established to prevent clubs from spending more than they earn. The regulations were implemented to stop clubs from getting into debt and risking their long-term futures.

Barca FFP problems

In January, Barcelona were fined €800,000 for breaching La Liga's FFP rules in relation to three deals handed out by the club.

The fine is related to the signings of free agents Dani Alves and Andreas Christensen alongside the contract renewal of Ronald Araujo. The fines were based on the 2021/22 financial year, per Mirror.

Despite being in financial turmoil, the club signed several players because of 'economic levers.' Robert Lewandowski, Ferran Torres, Raphinha, Christensen, Marcos Alonso, Hector Bellerin, Franck Kessie, and Jules Kounde arrived at Camp Nou last year.

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The club reportedly sold its assets and TV rights which will reduce the club's income. Moreover,

Barca were also investigated by a Spanish prosecutor for reportedly paying a high-ranking official in the country's refereeing body. The Blaugrana are said to have paid around 1.4 million euros over three years to the company owned by the official, per Reuters.

Barcelona could face severe punishment

Sports Brief earlier reported that Barcelona could face serious punishment for breaching FFP rules.

Serious implications exist for clubs that don't comply with the FFP rules. This includes possible fines, points deductions, restrictions on future player registrations, and even exclusion from future competitions.

Barca are also embroiled in legal proceedings with UEFA over the breakaway Super League.