Utd statement: ‘While disappointed by the outcome, Manchester United accepts this fine for what UEFA acknowledges to be a minor technical breach of its previous Financial Fair Play rules.’
‘This reflected a change in the way that UEFA adjusted for COVID-19 losses during the 2022 reporting period, which allowed us to recognise only €15m of the €281m of revenues lost due to the pandemic within the FFP calculation.’
‘Post pandemic, the clubs’ revenues have recovered strongly and are forecast to reach a record level in the current financial year.’
‘The club continues to support the enforcement of rules to promote financial fair play and sustainability across domestic and European football.’
Follow up Tweets:
Utd statement: ‘While disappointed by the outcome, Manchester United accepts this fine for what UEFA acknowledges to be a minor technical breach of its previous Financial Fair Play rules.’
‘This reflected a change in the way that UEFA adjusted for COVID-19 losses during the 2022 reporting period, which allowed us to recognise only €15m of the €281m of revenues lost due to the pandemic within the FFP calculation.’
‘Post pandemic, the clubs’ revenues have recovered strongly and are forecast to reach a record level in the current financial year.’
‘The club continues to support the enforcement of rules to promote financial fair play and sustainability across domestic and European football.’