Malaga faces UEFA action over unpaid bills
Source: Agencies |
December 1, 2012, Saturday
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SPAIN'S Malaga is one of nine clubs facing further punishment from UEFA over unpaid bills as European soccer's governing body tightens its financial controls.
UEFA said in a statement yesterday it had lifted the suspension of prize money for 16 of 23 clubs originally targeted in September after they wiped out arrears owed to other teams, their staff or tax authorities.
However, Qatari-owned Malaga, which has qualified for the last 16 of the Champions League in its debut season, failed to meet a deadline of end-September to show it had cleared overdue payments.
Its case has now been referred to UEFA's adjudicatory chamber that has a range of sanctions available, including disqualification from current competitions.
After heavy investment to reach the Champions League, Malaga appeared to run into financial problems at the start of the season, delaying payments to players and selling othwers.
Settle debts
A Malaga spokesman said the club was working to settle debts "as soon as possible" and hoped to "unblock" the situation with UEFA very soon.
He also noted that midfielder Duda, one of the club captains, said on Thursday that he and the players were satisfied with the guarantees they had received.
Malaga has reportedly failed to pay players a combined 9 million euros (US$11.6 million).
The Spanish club and is due at least 25 million euros in prize money, bonuses and a share of Spanish television revenues from UEFA for reaching the last 16.
UEFA is introducing Financial Fair Play measures designed to force European clubs to balance their books. Clubs could face exclusion from European competition from 2014-15 onwards if they do not curb their losses.
Other clubs facing further action are Croatia's Hajduk Split and Osijek, Romania's Rapid and Dinamo Bucharest and Partizan Belgrade and Vojvodina of Serbia. Poland's Lech Poznan and Arsenal Kiev of Ukraine also face action. They were not among the clubs originally targeted but their overdue payments situation deteriorated between June and September 2012.
UEFA said in a statement yesterday it had lifted the suspension of prize money for 16 of 23 clubs originally targeted in September after they wiped out arrears owed to other teams, their staff or tax authorities.
However, Qatari-owned Malaga, which has qualified for the last 16 of the Champions League in its debut season, failed to meet a deadline of end-September to show it had cleared overdue payments.
Its case has now been referred to UEFA's adjudicatory chamber that has a range of sanctions available, including disqualification from current competitions.
After heavy investment to reach the Champions League, Malaga appeared to run into financial problems at the start of the season, delaying payments to players and selling othwers.
Settle debts
A Malaga spokesman said the club was working to settle debts "as soon as possible" and hoped to "unblock" the situation with UEFA very soon.
He also noted that midfielder Duda, one of the club captains, said on Thursday that he and the players were satisfied with the guarantees they had received.
Malaga has reportedly failed to pay players a combined 9 million euros (US$11.6 million).
The Spanish club and is due at least 25 million euros in prize money, bonuses and a share of Spanish television revenues from UEFA for reaching the last 16.
UEFA is introducing Financial Fair Play measures designed to force European clubs to balance their books. Clubs could face exclusion from European competition from 2014-15 onwards if they do not curb their losses.
Other clubs facing further action are Croatia's Hajduk Split and Osijek, Romania's Rapid and Dinamo Bucharest and Partizan Belgrade and Vojvodina of Serbia. Poland's Lech Poznan and Arsenal Kiev of Ukraine also face action. They were not among the clubs originally targeted but their overdue payments situation deteriorated between June and September 2012.
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