NYON: European federation UEFA has rejected Barcelona’s appeal against a €500,000 fine for breaching financial fair play regulations.

A UEFA statement said:

The UEFA Club Financial Control Body (CFCB) Appeals Chamber has taken a decision in the case of the appeal by FC Barcelona (ESP) against the decision issued by the CFCB First Chamber on 13 July 2023.

Before the CFCB First Chamber, FC Barcelona was fined €500,000 for wrongly reporting, in the financial year 2022, profits on disposal of intangible assets (other than player transfers) which are not a relevant income under the regulations.

The CFCB Appeals Chamber has now decided:

– To reject the appeal lodged by FC Barcelona.

– To confirm the decision of the CFCB First Chamber.

UEFA did not specify the exact cause of the breach but Barcelona’s financial problems have been well documented ever since their role in the failed launch of the European Super League in 2021.

Subsequently the club could not afford to extend the contract of Lionel Messi who moved to Paris Saint-Germain and, lately, to Inter Miami.