November 3 – When it comes to financial management, Barcelona rarely seem to catch a break.
The club have lost their latest appeal in the UEFA Club Financial Control Body (CFCB) Appeals Chamber against a €500,000 fine imposed on July 13 for failing to follow club financial regulations.
The fine was imposed for wrongly reporting in the financial year 2022, profits on disposal of intangible assets (other than player transfers). The asset disposals Barca were claiming are not deemed “a relevant income” under UEFA regulations.
For Barca this will likely feel like small change, especially with decisions still to be made in the Negreira case where if the club be faced with considerably more substantial fines.
In April Barca completed a €1.45 billion financing deal that will allow the club to renovate their Camp Nou Stadium.
In August, Barcelona went back to the capital markets with a SPAC (special purpose acquisition company) that would see it sell off existing operating companies into a new, stock market listed business.
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