European football's governing body, UEFA, on Friday maintained a fine of 500,000 euros against FC Barcelona for violating its financial control rules. UEFA's club financial control body (CFCB) said in a statement that the Catalan club had incorrectly declared its profits "on the sale of intangible assets (excluding player transfers, Editor's note)" during the fiscal year 2022.
Sentenced to a fine by UEFA in July, FC Barcelona appealed this decision. The reigning Spanish champion is only just starting to emerge from the serious economic problems he has experienced in recent years, selling a large part of his future income from television rights and other parts of the club (such as the media arm Barça Studios) to continue purchasing and registering players in the short term.
He also took out loans from major American banks JP Morgan and Goldman Sachs to pay off his colossal debts estimated at more than a billion euros and finance the renovation of the Camp Nou.
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