Financial violations: UEFA rejects Barcelona’s appeal

Despite an appeal by the Catalan side, the fine levied on Barcelona for violating UEFA’s financial reporting regulations was upheld.

The UEFA Club Financial Control Body (CFCB) First Chamber penalised Barcelona €500,000 (£434,000) in July for falsely declaring revenues on the sale of intangible assets—apart from player transfers—that were not deemed relevant income during the fiscal year 2022. The club’s appeal has now been denied by the CFCB Appeals Chamber, which has maintained the First Chamber’s original ruling and punishment. UEFA has not specifically stated what the club’s falsely claimed revenues were tied to.

A second UEFA inquiry into the club is related to claims that it paid money to a former vice-president of Spain’s referees committee. According to reports from February, between 2001 and 2018, the club made several payments to firms owned by Jose Maria Enriquez Negreira.

The fine has been held up as the Blaugrana will now continue on their La Liga campaign with a visit to Anoeta Stadium to face Real Sociedad on Saturday, November 4.

Goal

(Blueprint)

About Funmilayo Ojo

Funmilayo Ojo is a Mass Communication Graduate. She is a prolific writer and a journalist who is gifted in Media works. She is also a business tycoon. She is currently the Regional Editor, of Southwest National Telescope Newspaper. She is happily married to Femi and they are blessed with lovely kids. Email: sweditor@nationaltelescope.com

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