Latest news with #CFCB
Times
2 days ago
- Business
- Times
Barcelona risk Uefa sanctions after second financial rules breach
Barcelona are facing the threat of Uefa sanctions after breaching its financial rules for a second successive year. Chelsea and Aston Villa are set to be hit with financial penalties for first-time breaches but Barcelona could face tougher sanctions, such as a reduced limit on the number of players they can register for next season's Champions League, or even a points deduction under Uefa's rules. European football's governing body is due to confirm details of financial settlements with the two English clubs and sanctions against Barcelona this month. The Times has previously revealed that Chelsea and Villa breached the rules and have been in talks with Uefa's Club Financial Control Board (CFCB) over a financial settlement. In October Barcelona lost an appeal in the Court of Arbitration for Sport (CAS) over a €500,000 (£420,000) fine imposed by Uefa for wrongly reporting profits, with the panel stating the sanction was 'actually relatively mild'. The CAS ruling also revealed a warning that Barcelona faced 'harsher' sanctions for another breach. 'The CFCB . . . highlights that a similar breach by the club in the 2023-24 monitoring process would constitute a case of recidivism and would be addressed by the imposition of a harsher disciplinary measure on FC Barcelona,' the CAS ruling states. Barcelona have been desperately trying to emerge from a financial crisis by raising money in a variety of unconventional ways. In 2022 the club sold 10 per cent of their broadcasting rights over the next 25 years for €267million and tried to claim it as 'other operating income' which would count towards their Financial Fair Play (FFP) calculation. However, Uefa insisted it should be classified as 'profits on disposal of intangible assets', which cannot be included in FFP calculations. In July 2022, Barcelona sold another 15 per cent of their broadcast rights for €400million but the CAS ruling means that too cannot be classed as operating income, which is understood to have led to the club breaching Uefa's limits on losses. Chelsea breached Uefa's limits on financial losses for last season as it would not allow the club to declare income from selling their women's team to a sister company for a world-record value of £200million. Unlike the Premier League, Uefa's financial sustainability rules do not allow clubs to declare income from selling assets to sister companies. Chelsea confirmed in April they had 'entered into discussions regarding mitigating factors affecting their regulatory submissions'. Villa are also understood to have breached the limits. Uefa allows clubs to lose a maximum of €200million (£170million) over three years under its revised football earnings rule. However, deductions can be made by the club for spending on youth and women's teams and on stadium and facilities infrastructure. Uefa also has a squad-cost rule which states that clubs cannot pay more than 80 per cent of their agreed revenue on player wages, transfers and agents fees. That will reduce to 70 per cent next season.
Irish Examiner
3 days ago
- Business
- Irish Examiner
Crystal Palace to meet UEFA officials on Tuesday over multi-club ownership rules
Crystal Palace will meet UEFA officials on Tuesday and plead their case to be allowed to compete in Europe next season, the PA news agency understands. Palace qualified for the Europa League after they stunned Manchester City at Wembley to clinch FA Cup final success on May 17 and in the process secured the first major trophy in the club's history. It booked Palace and their fans a ticket on a European tour, but the Premier League outfit must show UEFA's club financial control body (CFCB) on Tuesday that they do not fall foul of its multi-club ownership rules. John Textor holds a 43 per cent stake in Palace through his company Eagle Football and he is also the owner of French club Lyon, who qualified for the Europa League with a sixth-placed finish in Ligue 1. No individual is allowed to have a significant say in the running of two clubs competing in the same UEFA competition and the CFCB would have to make a ruling on any potential breach. It is understood Palace are confident no rules have been breached owing to the fact that Textor – through Eagle Football – has only a 25 per cent share of voting rights alongside fellow principal owners Josh Harris, David Blitzer and chairman Steve Parish. Parish is also responsible for the day-to-day running of the club, which has led to past tension with Textor, who had previously tried to sell his shares and take over Everton. Given Palace believe they have no influence over Lyon and Eagle Football does not have decision-making powers at the Premier League outfit because of the voting structure, the club managed by Oliver Glasner are hopeful of being able to compete in Europe. If Palace fail to convince the CFCB that no rules have been breached, Lyon would keep their Europa League spot due to a higher league finish. Meanwhile, Brondby, who Blitzer owns, qualified for the Europa Conference League. This could prevent Palace from entering the Europa Conference League, which could open the door for Brighton to benefit. Palace's failure to compete in the Europa League would see their spot transferred to seventh-placed Nottingham Forest. It would mean Forest's previous Europa Conference League qualification berth would go to the next highest team in the Premier League, which is Brighton in eighth. A UEFA spokesperson said: 'Please be informed that decisions regarding multi-club ownership cases for the 2025-26 season will be announced in due course during June. We do not comment on individual club cases until an official decision has been made.' Last summer, the CFCB cleared Manchester City and Girona, owned by the City Football Group, to take part in the Champions League and INEOS-owned Manchester United and Nice to compete in the Europa League.
Leader Live
3 days ago
- Business
- Leader Live
Crystal Palace to meet UEFA officials on Tuesday over multi-club ownership rules
Palace qualified for the Europa League after they stunned Manchester City at Wembley to clinch FA Cup final success on May 17 and in the process secured the first major trophy in the club's history. It booked Palace and their fans a ticket on a European tour, but the Premier League outfit must show UEFA's club financial control body (CFCB) on Tuesday that they do not fall foul of its multi-club ownership rules. 😏 — Crystal Palace F.C. (@CPFC) May 19, 2025 John Textor holds a 43 per cent stake in Palace through his company Eagle Football and he is also the owner of French club Lyon, who qualified for the Europa League with a sixth-placed finish in Ligue 1. No individual is allowed to have a significant say in the running of two clubs competing in the same UEFA competition and the CFCB would have to make a ruling on any potential breach. PA understands Palace are confident no rules have been breached owing to the fact that Textor – through Eagle Football – has only a 25 per cent share of voting rights alongside fellow principal owners Josh Harris, David Blitzer and chairman Steve Parish. Parish is also responsible for the day-to-day running of the club, which has led to past tension with Textor, who had previously tried to sell his shares and take over Everton. Given Palace believe they have no influence over Lyon and Eagle Football does not have decision-making powers at the Premier League outfit because of the voting structure, the club managed by Oliver Glasner are hopeful of being able to compete in Europe. If Palace fail to convince the CFCB that no rules have been breached, Lyon would keep their Europa League spot due to a higher league finish. Meanwhile, Brondby, who Blitzer owns, qualified for the Europa Conference League. A post shared by UEFA Europa League (@europaleague) Palace's failure to compete in the Europa League would see their spot transferred to seventh-placed Nottingham Forest. It would mean Forest's previous Europa Conference League qualification berth would go to the next highest team in the Premier League, which is Brighton in eighth. A UEFA spokesperson said: 'Please be informed that decisions regarding multi-club ownership cases for the 2025-26 season will be announced in due course during June. We do not comment on individual club cases until an official decision has been made.' Last summer, the CFCB cleared Manchester City and Girona, owned by the City Football Group, to take part in the Champions League and INEOS-owned Manchester United and Nice to compete in the Europa League.
South Wales Argus
3 days ago
- Business
- South Wales Argus
Crystal Palace to meet UEFA officials on Tuesday over multi-club ownership rules
Palace qualified for the Europa League after they stunned Manchester City at Wembley to clinch FA Cup final success on May 17 and in the process secured the first major trophy in the club's history. It booked Palace and their fans a ticket on a European tour, but the Premier League outfit must show UEFA's club financial control body (CFCB) on Tuesday that they do not fall foul of its multi-club ownership rules. John Textor holds a 43 per cent stake in Palace through his company Eagle Football and he is also the owner of French club Lyon, who qualified for the Europa League with a sixth-placed finish in Ligue 1. No individual is allowed to have a significant say in the running of two clubs competing in the same UEFA competition and the CFCB would have to make a ruling on any potential breach. PA understands Palace are confident no rules have been breached owing to the fact that Textor – through Eagle Football – has only a 25 per cent share of voting rights alongside fellow principal owners Josh Harris, David Blitzer and chairman Steve Parish. Parish is also responsible for the day-to-day running of the club, which has led to past tension with Textor, who had previously tried to sell his shares and take over Everton. Given Palace believe they have no influence over Lyon and Eagle Football does not have decision-making powers at the Premier League outfit because of the voting structure, the club managed by Oliver Glasner are hopeful of being able to compete in Europe. If Palace fail to convince the CFCB that no rules have been breached, Lyon would keep their Europa League spot due to a higher league finish. Meanwhile, Brondby, who Blitzer owns, qualified for the Europa Conference League. This could prevent Palace from entering the Europa Conference League, which could open the door for Brighton to benefit. Palace's failure to compete in the Europa League would see their spot transferred to seventh-placed Nottingham Forest. It would mean Forest's previous Europa Conference League qualification berth would go to the next highest team in the Premier League, which is Brighton in eighth. A UEFA spokesperson said: 'Please be informed that decisions regarding multi-club ownership cases for the 2025-26 season will be announced in due course during June. We do not comment on individual club cases until an official decision has been made.' Last summer, the CFCB cleared Manchester City and Girona, owned by the City Football Group, to take part in the Champions League and INEOS-owned Manchester United and Nice to compete in the Europa League.
South Wales Guardian
3 days ago
- Business
- South Wales Guardian
Crystal Palace to meet UEFA officials on Tuesday over multi-club ownership rules
Palace qualified for the Europa League after they stunned Manchester City at Wembley to clinch FA Cup final success on May 17 and in the process secured the first major trophy in the club's history. It booked Palace and their fans a ticket on a European tour, but the Premier League outfit must show UEFA's club financial control body (CFCB) on Tuesday that they do not fall foul of its multi-club ownership rules. 😏 — Crystal Palace F.C. (@CPFC) May 19, 2025 John Textor holds a 43 per cent stake in Palace through his company Eagle Football and he is also the owner of French club Lyon, who qualified for the Europa League with a sixth-placed finish in Ligue 1. No individual is allowed to have a significant say in the running of two clubs competing in the same UEFA competition and the CFCB would have to make a ruling on any potential breach. PA understands Palace are confident no rules have been breached owing to the fact that Textor – through Eagle Football – has only a 25 per cent share of voting rights alongside fellow principal owners Josh Harris, David Blitzer and chairman Steve Parish. Parish is also responsible for the day-to-day running of the club, which has led to past tension with Textor, who had previously tried to sell his shares and take over Everton. Given Palace believe they have no influence over Lyon and Eagle Football does not have decision-making powers at the Premier League outfit because of the voting structure, the club managed by Oliver Glasner are hopeful of being able to compete in Europe. If Palace fail to convince the CFCB that no rules have been breached, Lyon would keep their Europa League spot due to a higher league finish. Meanwhile, Brondby, who Blitzer owns, qualified for the Europa Conference League. A post shared by UEFA Europa League (@europaleague) Palace's failure to compete in the Europa League would see their spot transferred to seventh-placed Nottingham Forest. It would mean Forest's previous Europa Conference League qualification berth would go to the next highest team in the Premier League, which is Brighton in eighth. A UEFA spokesperson said: 'Please be informed that decisions regarding multi-club ownership cases for the 2025-26 season will be announced in due course during June. We do not comment on individual club cases until an official decision has been made.' Last summer, the CFCB cleared Manchester City and Girona, owned by the City Football Group, to take part in the Champions League and INEOS-owned Manchester United and Nice to compete in the Europa League.
