PSG to pay UEFA $10M for breaking soccer club finance rules

Photo/Shutterstock
Short Url
Updated 03 September 2022
Follow

PSG to pay UEFA $10M for breaking soccer club finance rules

  • PSG earned 110 million euros in Champions League prize money for reaching the semifinals in the 2020-21 season, the most recent prize list published by UEFA

GENEVA: Paris Saint-Germain must pay 10 million euros ($10 million) for breaking UEFA financial rules, with seven other clubs also punished for overspending since 2018.
UEFA said its club finance investigators ordered prize money from European competitions totaling 26 million euros to be withheld from the eight clubs sanctioned under Financial Fair Play rules.
A further 146 million euros in total punishments could be imposed if the clubs fail to meet financial targets in the next three to four years they have agreed to in settlement deals, UEFA said.
PSG will have the biggest amount deducted from Champions League prize money this season. A group of Italian clubs were next in line: Roma must forfeit prize money of 5 million euros, Inter Milan 4 million euros, Juventus 3.5 million euros and AC Milan 2 million euros.
French champion PSG declined to comment on the case, which covered the 2021-22 season when it added Lionel Messi to a superstar forward line that already featured Kylian Mbappé and Neymar.
PSG earned 110 million euros in Champions League prize money for reaching the semifinals in the 2020-21 season, the most recent prize list published by UEFA. The club’s total revenue last season was reported to be about 700 million euros when it was eliminated in the round of 16.
AC Milan said in a statement, “We will continue with confidence on the virtuous path toward financial sustainability.” The Italian champion was bought this week by American investors RedBird Capital Partners in a 1.2 billion euros deal that included the New York Yankees as a minority partner.
The other deductions imposed by UEFA were 600,000 euros from Besiktas and 300,000 euros each from Marseille and Monaco.
The sanctions covering the four financial years from 2018 — including two seasons when club revenue was severely hit by the COVID-19 pandemic — should be the last major round of cases under the FFP rules that UEFA announced in April will now be modified.
UEFA launched FFP a decade ago to monitor the revenue and spending of clubs that qualify to play in its club competitions to ensure they approach break-even on their soccer-related business. Clubs were allowed unlimited spending on stadium and youth development projects.
Qatar-backed PSG had to pay UEFA 20 million euros in 2014, when Abu Dhabi-owned Manchester City had to pay the same amount, in the first round of FFP cases.
Man City was among 19 clubs named who met the break-even standard only on technicalities, UEFA said, such as concessions made for the pandemic seasons when many games were played without fans. Other clubs in this category were Barcelona, Borussia Dortmund, Chelsea, Sevilla and West Ham.
Among other cases, Champions League team Porto was threatened with a one-season ban from UEFA competitions if it failed to meet a new break-even target.
The cases were investigated by a panel whose new chairman is Sunil Gulati, the former United States soccer federation president and FIFA executive committee member who is an economics lecturer at Columbia University.
 

 


Iraq qualify for Paris Olympics men’s soccer tournament with win over Indonesia at U23 Asian Cup

Updated 11 min 24 sec ago
Follow

Iraq qualify for Paris Olympics men’s soccer tournament with win over Indonesia at U23 Asian Cup

  • Ali Jasim’s extra-time winner means Iraq take Asia’s third automatic place at the Olympics
  • Japan and Uzbekistan, who meet in Friday’s cup final, have both already qualified for the Paris Games

DOHA: Iraq qualified for the men’s soccer tournament at the Paris Olympics with a 2-1 win over Indonesia in the third-place playoff at the Under-23 Asian Cup on Thursday.
Ali Jasim’s extra-time winner means Iraq take Asia’s third automatic place at the Olympics. Japan and Uzbekistan, who meet in Friday’s cup final, have both already qualified for the Paris Games.
Indonesia took the lead after 19 minutes at Abdullah bin Khalifa Stadium in the meeting of the two defeated semifinalists when Ivar Jenner scored from outside the area.
Eight minutes later, Zaid Tahseen headed home at the near post to make it 1-1.
The game went to extra time and Iraq took the lead in the 96th. The Indonesian defense misjudged the bounce of a long pass allowing Jasim to run free into the right side of the area. He sent a powerful shot across the diving goalkeeper to put Iraq on the brink of their sixth Olympic appearance.
Indonesia, still searching for a first Olympic appearance since 1956, almost took the game to a penalty shootout in the final action but Justin Hubner’s header was cleared off the line.
There is still one more opportunity for Indonesia. They will face Guinea in a May 9 playoff for a place in Paris.


Hyderabad steal one-run win as Rajasthan falter

Updated 40 min 15 sec ago
Follow

Hyderabad steal one-run win as Rajasthan falter

  • Needing two off the final ball, Rajasthan’s Rovman Powell missed a full toss and was trapped in front of the wicket by Bhuvneshwar Kumar
  • Kumar earlier undermined Rajasthan’s innings by removing star England batter Jos Butler and captain Sanju Samson for nought

HYDERABAD, India: Sunrisers Hyderabad stole an unlikely one-run victory over table-toppers Rajasthan Royals in a tense Indian Premier League encounter on Thursday.
Needing two off the final ball, Rajasthan’s Rovman Powell missed a full toss and was trapped in front of the wicket by India international Bhuvneshwar Kumar.
The right-arm swing bowler, who finished with figures of 41-3, earlier undermined Rajasthan’s innings by removing star England batter Jos Butler and captain Sanju Samson for nought in the first over of the chase.
“I wasn’t thinking much about the result in the last over,” said Kumar.
“There was no discussion in the last over, was just focussed on the process.”
After the early setbacks, young Indian batters Yashasvi Jaiswal and Rayan Parag scored counter-attacking half-centuries to rebuild the innings and Rajasthan seemed on course for a comfortable victory.
But Jaiswal (67 off 40 balls) and Parag (77 off 49) fell in quick succession to left-arm pacer T Natrajan, setting off a collapse.
Hyderabad captain Pat Cummins conceded only seven runs in a miserly penultimate to tilt the match in the home team’s favor.
“Knowing the nature of the IPL, you never win the game until you actually win the game,” said Samson.
In their innings, Rajasthan Royals made an uncharacteristically slow and shaky start with in-form opener Abhishek Sharma falling for 12 off 10 balls.
Anmolpreet Singh, who followed at number three, also failed to make an impact scoring a run-a-ball five.
But Australia international Travis Head and all-rounder Nitish Kumar Reddy upped the pace with a partnership of 96 runs off 47 balls.
The duo were particularly harsh on wrist spinner Yuzvendra Chahal who leaked 62 runs in his four overs.
Head’s crucial knock of 57 off 44 balls finally ended when he chopped one onto his stumps as he tried to scoop pacer Avesh Khan.
South Africa’s power hitter Heinrich Klaasen then joined Reddy who remained unbeaten on 76 off 42 balls to take Hyderabad past 200 for the fifth time this season.


Champions League is being expanded, but Italy and Germany will benefit over England next season

Updated 02 May 2024
Follow

Champions League is being expanded, but Italy and Germany will benefit over England next season

  • It had largely been assumed England would secure a bonus spot, given its recent success in Europe
  • Dortmund’s win means Germany can’t be caught in UEFA’s ranking system by England, which has only Aston Villa still playing

MANCHESTER, England: Germany has beaten the English Premier League to a bonus fifth Champions League place in next season’s revamped and expanded competition.
Borussia Dortmund’s 1-0 win over Paris Saint-Germain in their semifinal first leg on Wednesday confirmed Germany would join Italy in being granted an extra berth.
It had largely been assumed England would secure a bonus spot, given its recent success in Europe, including having Champions League winners in three of the last five seasons.
But Dortmund’s win means Germany can’t be caught in UEFA’s ranking system by England, which has only Aston Villa still playing.
The fifth spots were based on performances from each country this season in the Champions League, Europa League and Europa Conference League.
It means three-time European Cup winner Manchester United will miss out on next season’s Champions League.
Villa and Tottenham — competing for fourth place in the Premier League — also know there will be no back door entry to the biggest stage in Europe.
Villa, England’s only remaining team in Europe, have advanced to the semifinals of the Conference League. But even if Villa go on to win the third-tier competition, they cannot amass enough points for England to overtake Germany, which still has two teams in the Champions League and one in the Europa League.
UEFA’s ranking system gives points for each game a team wins or draws in European competition, with bonuses attached to advancing to different stages.
Since 2005, England would have qualified for a fifth place in the Champions League in 14 of 19 seasons. And despite having finalists in five of the past six editions, English teams’ disappointing performances this season have wrecked their chances of an extra place.
Man United and Newcastle failed to advance from the group stage, and Manchester City’s quarterfinal loss to Real Madrid was the defending champion’s earliest exit from the competition in four years.
In the Europa League, Liverpool were surprisingly eliminated by Atalanta in the quarterfinals.
In contrast, German teams have excelled. Bayern Munich and Dortmund have reached the semifinals of the Champions League and Bayer Leverkusen is into the last four of the Europa League.
Dortmund, fifth in the Bundesliga, guaranteed a place in next season’s Champions League by beating PSG.
Roma are currently fifth in Italy.
The Champions League is expanding from 32 to 36 teams next season to allow for a new league phase that will replace the existing group stage.
Via a seeding system, teams will be drawn to play against eight opponents, home and away in one league format.
The top eight teams will advance to the round of 16. Teams that finish from ninth to 24th will face a two-leg playoff in order to advance.


Top Pakistan medical official resigns for mishandling fast bowler’s elbow injury

Updated 02 May 2024
Follow

Top Pakistan medical official resigns for mishandling fast bowler’s elbow injury

  • Dr. Sohail Saleem was the director of the Pakistan Cricket Board medical and sports sciences
  • Medical committee said Saleem recommended an “inappropriate surgeon” to handle Ihsanullah’s injury

ISLAMABAD: A top medical official with the Pakistan Cricket Board resigned on Thursday after an independent investigation reported fast bowler Ihsanullah’s elbow injury was badly handled.

Dr. Sohail Saleem was the director of the PCB medical and sports sciences.

A three-member medical committee said in its report that Saleem recommended an “inappropriate surgeon, lacking the academics and experience in the field” to look after Ihsanullah’s injury.

Ihsanullah’s right elbow was hurt during the white-ball home series against New Zealand in April last year. The PCB initially believed Ihsanullah’s injury was not severe but the fast bowler was sidelined for almost a year.

The committee said Ihsanullah’s elbow pain was not addressed, treated and operated on appropriately, and there was also delay in reaching the clinical diagnoses.

“He (Ihsanullah) did not receive a formal rehabilitation process as required by his condition,” the committee said. “His surgery was planned hurriedly without any specialist review and preoperative assessment.”

The committee also highlighted “inappropriate prescription of treatment, as well as non-compliance by the fast bowler with the prescribed rehabilitation plan.”

Last month, Ihsanullah was sent to the UK where he met with an orthopaedic surgeon specializing in sports injuries.

The committee has recommended Ihsanullah should continue with aggressive physiotherapy and “surgery may be the last option if he does not recover in six-12 months.”

Ihsanullah has played four Twenty20s and one one-day international, all last year.


Cristiano Ronaldo’s sister describes Saudi Arabia as ‘safest place on earth’

Updated 02 May 2024
Follow

Cristiano Ronaldo’s sister describes Saudi Arabia as ‘safest place on earth’

  • Katia Aviero posts message on Instagram in which she says of the Kingdom: ‘If there is a safe place to walk alone, it is here’
  • Aviero, who joined her brother’s partner, Georgina Rodriguez, to watch him play in the King’s Cup semifinal on Wednesday adds: ‘Nobody disrespects you here and there are no thefts’

RIYADH: While Al-Nassr star Cristiano Ronaldo was busy scoring a brace on Wednesday in a 3-1 victory over Al-Khaleej that earned his team a place in the King’s Cup final, his sister was praising Saudi Arabia and describing it as the “safest place on earth.”
Asked whether it was safe to walk alone in the Kingdom, Katia Aviero posted a message on Instagram in Portuguese in which she said of the Kingdom: “If there is a safe place to walk alone, it is here.”
She said: “Saudi Arabia is one of the best in the world in terms of safety. You can leave your phone on the table and go and come back without anything happening.”
She added that “nobody disrespects you here and there are no thefts,” and she feels secure at all times.
A Saudi sports website quoted Aviero as saying: “You can also leave your keys and wallet in the car.”
She also posted a photo of herself with Ronaldo’s partner, Georgina Rodriguez, and another women watching the game on Wednesday from a VIP lounge at Al-Awwal Park stadium. She added a note, saying: “We came to give good luck for our king (Cristiano).”
Aviero, who has more than 1.4 million followers on Instagram, also added several posts to her Instagram Story on Wednesday featuring videos of Riyadh streets filmed from inside a car.
Ronaldo scored the first and third goals for Al-Nassr on Wednesday night, with Sadio Mane netting the second from the penalty spot.
The Portuguese star celebrated the semifinal victory with brief message on social media platform X in which he wrote: “The King’s Cup … let’s go.”
Al-Nassr will face fierce rivals Al-Hilal in the final on May 31.