By GRAHAM DUNBAR
AP Sports Writer
Associated Press Sports
updated 8:50 a.m. ET Nov. 30, 2012
GENEVA (AP) -Champions League contender Malaga is facing UEFA sanctions for failing to pay millions of euros (dollars) of players' wages on time, and will likely have some prize money withheld.
UEFA said Friday that investigators from its Club Financial Control Body have referred Malaga and eight other clubs to the panel's judging chamber.
Malaga, which is owned by a Qatari investor, has reportedly failed to pay players a combined ?9 million ($11.6 million).
The Spanish club has qualified for the last 16 of the Champions League and is due at least ?25 million ($32 million) in prize money, bonuses and a share of Spanish television revenues from UEFA.
UEFA said the judging panel will examine nine clubs who played in this season's Champions League and Europa League whose prize money has been frozen because of unpaid players' wages, transfer fees or social taxes.
Sixteen clubs have been cleared - including defending Europa League champion Atletico Madrid, Sporting Lisbon and Fenerbahce - and will now receive their prize money after being cleared by the UEFA finance monitors.
Investigators "adjudged that the necessary financial requirements had been implemented" by a Sept. 30 deadline, UEFA said in a statement.
UEFA published a list of 23 clubs under investigation in September who owed a combined ?30 million ($38.4 million) in so-called "overdue payables."
Clubs must pay their football and tax debts as a condition of getting a license from their national association to play in UEFA competitions.
Malaga will be joined in the UEFA court by eight Europa League entrants: Bucharest clubs Dinamo and Rapid, Serbian clubs Partizan and Vojvodina, Hajduk Split and Osijek of Croatia, plus Lech Poznan of Poland and Arsenal Kiev of Ukraine. The latter two have been added to the original list of 23 since September.
UEFA has enforced a licensing system for almost a decade, but the rules and potential sanctions have gained a higher profile in the "Financial Fair Play" era.
Since 2011, UEFA has been monitoring clubs' finances more closely and now requires them to aim toward breaking even on their football-related business as a condition of entry for the Champions League and Europa League.
The two competitions have attracted total commercial revenue of almost ?1.6 billion ($2.1 billion) for each season from 2012-15, with most shared among clubs playing in the group stages.
? 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
advertisement
More newsGetty ImagesBye, Becks
PST: What a run. After Galaxy signed soccer superstar in 2007, everything changed for league ? more media exposure, franchise expansion and better players. A retrospective.
Getty ImagesSource: http://nbcsports.msnbc.com/id/50022770/ns/sports-soccer/
British Open leaderboard Jessica Ghawi People Water Fred Willard Emmy nominations 2012 Ramadan 2012 Michelle Jenneke
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.