Financial fair play: AS Monaco among the clubs sanctioned by UEFA
AS Monaco, PSG and OM have been fined by the European Confederation’s Club Financial Control Body (ICFC) for exceeding the authorized deficit of 30 million euros. euros over three financial years, or in other words for having put itself out of the nails of financial fair play.
Five other European clubs are concerned, namely AC Milan, Besiktas, Juventus, AS Roma and Inter.
If the PSG was the hardest sanctioned (65 million euros fine including 55 suspended), Monaco and Marseille received the weakest of the sanctions: 2 million euros, including 1.7 million suspended, i.e. 300,000 euros each payable immediately and the rest gradually.
The Principality club, which is paying in particular for the consequences of two consecutive seasons without the European Cup (2019-2020 and 2020-2021) as well as the Covid crises and Mediapro TV rights, now has three years to gradually raise the bar. under penalty of being more severely sanctioned (increased fines, ban on recruitment and in the worst case exclusion from the European Cups).
What to understand why the ASM did not drop huge sums on the transfer market this summer despite the good sales of Tchouameni (100 million euros including bonus) and Diop (22 million).
“There is a history to take into account. The club has had seasons with incredible sales but it has not invested as well as it has sold. This still forces us to adopt a more cautious operation to be sustainable. We did a lot of work on sales this summer but some of that money went to cover those past expenses.”sporting director Paul Mitchell recalled earlier this week in an interview with The Team.