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The Hindu
The Hindu
Sport
AP

Barcelona, Man United fined by UEFA for breaking financial fair play rules

Barcelona was fined 500,000 euros ($560,000) by UEFA on Friday and Manchester United must pay 300,000 euros ($336,000) in the last round of financial monitoring using Financial Fair Play rules that have since been replaced.

Barcelona was punished for wrongly reporting profits from “disposal of intangible assets” that should not have been accounted for as income according to FFP rules, UEFA said in a statement.

Man United did not meet its target to approach break-even on soccer-related business including player transfers, wages and social taxes.

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