“Management will conduct an internal and external investigation into the reasons why the Club was subject to this sanction and will determine appropriate accountability for the people involved, both for repeated non-compliance and omissions of facts.” This is how Andre Villas-Boas responded to the €1.5 million fine imposed by UEFA on Porto for outstanding debt.
After the statement issued on Saturday morning, the president loudly declared in the afternoon: “The process was already underway, but strategically it was ignored by the previous management of FC Porto.” Because of the election, they decided not to report the truth. This is a serious situation that limits us greatly and will put a lot of pressure on the next administration.” In addition to the fine, Porto will be banned from European competition for a year if it does not meet solvency criteria for the 2024/25 and 2025/26 seasons.
Villas-Boas also explained that the payment of the team’s April salary was made using “a group of investors different from those who currently or recently supported SAD.” The financial restructuring “is a long-term plan” that includes a review of Dragao’s commercial revenue sharing agreement (Ithaca will retain 30%) and negotiations with agents – Andre Franco’s representatives were the last to claim €272,000 in court.
Author: João Moniz
Source: CM Jornal
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