Fenerbahçe made a statement on UEFA FFP penalty

Sarı-Lacivertliler made a statement on the penalty imposed on the grounds that UEFA’s FFP rules were not complied with.

A statement came from the Fenerbahçe Club regarding the penalty of 2 million euros by UEFA for deducting the revenues from European trophies on the grounds that the rules of the Financial Fair Play (FFP) were not followed.

In the statement made by the club, a consensus was reached with the UEFA Club Financial Control Board in May 2016, however, in this agreement, a maximum of 10 million euro equivalent account deficit was given in the 2017-2018 season and 57.5m euro equivalent account deficit was given and therefore referred to the criminal office. specified.

On 19 July 2019, it was stated that UEFA decided not to ban Fenerbahçe from UEFA competitions, to seek positive transfer balance conditions for new transfers to be registered in UEFA competitions in the 2020-2021 and 2021-2022 seasons, and to limit the squad to 23 players.

In the statement, the following were recorded:

2 million euros cut from possible UEFA revenues in the 2020-2021 and 2021-2022 seasons; however, in the event of the new Club License and FFP Order to be made before TFF and debt restructuring agreements with the Banks Association, the penalty would be reduced to 1 million euros.
As we have mentioned in all channels, our debt restructuring protocol offered by the Banks Association is a liquidation protocol rather than debt restructuring, the heavy obligations and constraints it brought to management, and our financial debts could not be reduced to 1 million euros on July 19, 2019. The penalty in question will be deducted from our income if we are entitled to play in UEFA competitions in the 2021-2022 season. ‘