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May 17, 2022

UEFA: European clubs register record losses

As many as 11 clubs could have “potentially” been barred from competing in European competitions this year if UEFA’s new financial regulations had been in place, according to Gianni Infantino, secretary general of European football’s governing body, quoted by sportbusiness.com. UEFA’s new financial fair play rules, which broadly demand that clubs break even, are due to apply from the 2012 financial year, with sanctions likely to be enforced two to three years later. “Two years ago almost 70% of clubs were in the red,” Infantino told reporters as UEFA unveiled its 2009 club licensing report. “At present there are still 56% – that means more than half of all professional football clubs are in the red.”

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