Khel Now logo
HomeSportsPKL 11Live Score
Advertisement

UEFA Champions League

Barcelona could face Champions League ban for violating FFP regulations

Published at :December 23, 2023 at 5:21 PM
Modified at :December 27, 2023 at 5:56 PM
Post Featured Image

Aditya Chauhan


Barcelona are struggling with financial issues over the years

Spanish giants Barcelona could be facing a ban from the UEFA Champions League following the violation of financial regulation over the years.

Barcelona topped their group this season and will face Napoli in the Round of 16. But fresh reports say the club are at risk of expulsion from European football’s premier club competition after falling afoul of Financial Fair Play rules.

Barca’s financial issues in recent times have been well-documented but they announced a net profit of 304 million euros back in September.

However, according to a report from WELT, the club’s balance sheets were “a mess”.

Barca received a €500,000 fine from UEFA in the summer, with the governing body’s financial control chamber ruling that the Catalan outfit “incorrectly declared profits” and that their income was not “relevant”.

It’s said that a ban for “two to three years” is possible and an approach of “he greater the loss, the greater the penalty” will be taken.

Barca immediately reacted to the verdict of the European Union of Justice on Thursday and shared their desire to be part of the European Super League’s new format.

A statement read: “FC Barcelona wishes to express its satisfaction with the sentence of the Court of Justice of the European Union (CJEU) assessing the Super League project as proposed by A22 Sports.

“As one of the clubs driving the Super League project, FC Barcelona feels that the sentence paves the way for a new elite level football competition in Europe by opposing the monopoly over the football world, and wishes to initiate new discussions as to the path that European competitions should take in the future.”

For more updates, follow Khel Now on Facebook, Twitter, and Instagram; download the Khel Now Android App or IOS App and join our community on Telegram.

Advertisement