Sports News | UEFA Fines Chelsea $23.6M and Barcelona $17.7M for Financial Monitoring Rules Breaches

Geneva, Jul 4 (AP) Chelsea was fined 20 million euros ($23.6 million) for breaking financial monitoring rules and Barcelona was ordered to pay 15 million euros ($17.7 million) by UEFA on Friday.

Both clubs must pay tens of millions of more euros (dollars) in future seasons if they miss financial targets set by UEFA.

Also Read | Highest Test Scores In An Innings: From Brian Lara To David Warner, A Look at Top 10 Highest Individual Scores in History of Longest Format of Cricket.

Chelsea had been under investigation for the 76.5 million pounds ($104.4 million) sale of two hotels between subsidiaries of Chelsea's holding company, Blueco 22 Ltd. Chelsea has been owned since 2022 by Todd Boehly and Clearlake Capital.

Chelsea's fine matches the record 20 million euros ($23.6 million) sanction imposed in 2014 on Manchester City and Paris Saint-Germain by UEFA. Those were the first round of penalties in the system then called Financial Fair Play.

Also Read | Sophia Hutchins, Caitlyn Jenner's Close Friend and Manager, Dies at 29 in Tragic ATV Accident Near Malibu Home.

In other investigations settled on Friday, UEFA fined financially troubled French club Lyon 12.5 million euros ($14.7 million) with future fines conditional on meeting targets.

The club owned by American businessman John Textor is fighting an appeal case next week against being demoted from Ligue 1 amid its financial turmoil, and could yet be excluded by UEFA from the Europa League next season. (AP) AM

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)