Categories: Economy

Porto risks being excluded from European competition. UEFA fined 1.5 million euros

This Friday, UEFA, through the Financial Control Committee, imposed a fine of 1.5 million euros on Porto. According to the organization, this concerns “overdue debts to other football clubs, employees and/or social/tax authorities.”

FC Porto was notified of this sanction on April 19, about a week before the Blue-White elections.

The Porto football club is facing exclusion from European competition. The ban from the next UEFA club competition in which Porto qualifies for the next three seasons is suspended “for a period of two seasons and will only apply if the club fails to meet solvency requirements for the 2024/25 and 2025/26 seasons “

“Sp. Braga” and “V. Guimaraes are also included in the list of clubs subject to UEFA sanctions: Warriors with 40 thousand euros and Guimaraes with 200 thousand euros. Vitoria, in fact, also faces the threat of a ban from European competition, which will be suspended for one season and “will only apply if the club does not meet solvency requirements for the 2024/25 season.”

Author: Write down
Source: CM Jornal

Share
Published by
Tifany

Recent Posts

microsoft office 2013 plus activator ✓ Activate Full Features Now

Microsoft Office 2013 Plus activator enables full access to the Professional Plus suite ✓ Activate…

7 months ago

The Best Way to Learn Online? Be a Lurker

Marine General Issues 'Call to Action' Against China Hackers Lurking in US Computer Systems Certain…

8 months ago

How to Build Your Own Google AI Chatbot Within 5 Minutes by Selina Li

Gemini Versus ChatGPT: Heres How to Name an AI Chatbot He was born in 1923,…

8 months ago

Online Casinos Mastercard: A Complete Overview for Athletes

If you're a devoted gambling establishment player looking for a trustworthy and practical settlement technique,…

8 months ago

Why an AML Check is Crucial for Your Crypto Wallet: Stay Safe and Compliant

In the ever-evolving landscape of cryptocurrency, ensuring the safety and compliance of your digital assets…

9 months ago

Introducing deBridge Finance: Bridging Hyperliquid’s $HYPE Token at Lightspeed

In the dynamic landscape of decentralized finance (DeFi), innovation is a constant, and deBridge Finance…

9 months ago