Players.bio is a large online platform sharing the best live coverage of your favourite sports: Football, Golf, Rugby, Cricket, F1, Boxing, NFL, NBA, plus the latest sports news, transfers & scores. Exclusive interviews, fresh photos and videos, breaking news. Stay tuned to know everything you wish about your favorite stars 24/7. Check our daily updates and make sure you don't miss anything about celebrities' lives.

Contacts

  • Owner: SNOWLAND s.r.o.
  • Registration certificate 06691200
  • 16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
  • Czech Republic

Barcelona appeal over FFP rule breaches dismissed by CAS

Barcelona's appeal against a 500,000 euros ($543,150.00) fine by UEFA for breaches of Financial Fair Play regulations has been dismissed, the Court of Arbitration for Sport said on Friday.

Barca went to sport's highest court in January to contest the decision made by European soccer governing body UEFA's Club Financial Control Body last year to reject an earlier appeal.

The Catalan club was fined by UEFA for wrongly reporting profits on disposal of intangible assets in 2022.

The CAS panel noted that both parties presented extensive arguments regarding the proportionality of the fine.

The panel found it unnecessary to address every claim made, saying, "in the specific circumstances of this case, a fine of 500,000 euros is actually rather mild."

It added that a lower fine "would likely not be a sufficiently strong deterrent to prevent a major club like FC Barcelona from intentionally misreporting income with a major impact on its break-even results."

($1 = 0.9206 euros)

Read more on channelnewsasia.com
DMCA