Manchester United fined €300,000 by UEFA for breaching strict Financial Fair Play rules imposed on club

Manchester United have been struck with a €300,000 (£256,785) fine by UEFA after being penalised for minor Financial Fair Play (FFP) breaches. The fine covers a four-year period where breaches were committed between 2019 and 2022.

Ad UEFA labelled United’s activity as “a minor break-even deficit” during the financial years in question. TransfersManchester United face impasse over Onana fee as Ten Hag considers alternative — Paper RoundYESTERDAY AT 05:20 Manager Erik ten Hag will have to make do with a restricted summer transfer budget, a result of club chiefs attempting to stay within the FFP guidelines.

In a statement, UEFA said: «During the 2022/23 season the CFCB First Chamber, chaired by Sunil Gulati, concluded the assessment of the break-even requirement covering the financial years 2019, 2020, 2021 and 2022. »This is the last time the CFCB assessed the clubs on the basis of the ‘old’ Club Licensing and Financial Fair Play regulations, Edition 2018.

Manchester United FC (ENG), Konyaspor (TUR) and APOEL FC (CYP) reported minor break-even deficits. “These clubs were fined respectively with €300,000, €100,000 and €100,000." Bayern officials arrive in London for Kane negotiations — Paper Round Is it ‘too early’ for ‘exceptional dribbler’ Cherki to move to the Premier League? United’s most recent financial results were positive, with an 11 per cent rise in revenue published last month — up to £170million for the three months ending March 31.

Also included in the report was a projection of record full-year revenues reaching sums of up to £640 million. The club is currently going through a phase of transition, with Sir Jim Ratcliffe and Sheikh Jassim bin Hamad Al Thani battling to acquire the club from current owners, the