Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America DailySpecial EditionAround The NetSoccer Business InsiderCollege Soccer ReporterYouth Soccer ReporterSoccer on TVSoccer America Classifieds
Paul Gardner: SoccerTalkSoccer America ConfidentialYouth Soccer InsiderWorld Cup Watch
RSS FeedsArchivesManage SubscriptionsSubscribe
Order Current IssueSubscribeManage My SubscriptionRenew My SubscriptionGift Subscription
My AccountJoin Now
Tournament CalendarCamps & AcademiesSoccer GlossaryClassifieds
Spanish clubs expect to avoid UEFA's wrath
AFP, September 12th, 2012 4:51AM

MOST READ
TAGS:  spain

MOST COMMENTED

Europa League champion Atletico Madrid and Malaga were among 23 European clubs temporarily withheld prize money owed to them, pending an investigation into their debts, but the Spanish clubs said they were confident of avoiding punishment from UEFA.

In a statement, UEFA said it had identified "that important overdue payables toward other clubs, and/or toward employees or social/tax authorities existed in 23 cases," and would provide an update by Sept. 30.

Malaga qualified for the Champions League group stage for the first time, but its funding from its Qatari owners suddenly dried up this summer, forcing it to sell several players. It described the UEFA move as "a precautionary measure, and not a penalty." It added that it was working on reaching an agreement with the Spanish tax authorities to lift the blocking of its prize money.

Atletico, which also won the 2012 UEFA Super Cup, also hoped to be back in UEFA's good graces soon, having submitted documentation in response to UEFA's request for information on its finances. Atletico was reported to owe almost $200 million in taxes.

Read the original story...


No comments yet.

Sign in to leave a comment. Don't have an account? Join Now




AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Section 2 Around the Net
Steven Gerrard: 'Every Person Slips'    
Steven Gerrard says the slip that arguably ended Liverpool's title hopes and England being knocked out ...
La Liga Champ Eying Chicharito    
Mexican striker Javier Hernandez, who started just six Premier League games for Manchester United last season ...
No Charges for Moyes Over Bar Incident    
Former Manchester United coach David Moyes is in the clear after he was investigated over an ...
West Ham Acquires Ecuador World Cup Striker    
West Ham has finalized a $20 million transfer of Ecuador striker Enner Valencia from Mexican club ...
Bayern Boss Not Allowed To Board Plane to USA    
Bayern Munich executive board chairman Karl-Heinz Rummenigge, along with six youth players and three crew members ...
Thai Refs Must Swear Oath to Buddha     
Thailand's soccer federation bosses have made more than 100 referees swear an oath of honesty at ...
Scolari Gets a Job    
Luiz Felipe Scolari, who resigned as Brazil coach after its disastrous 2014 World Cup campaign, has ...
World Cup Runner-up Coach Steps Down    
Alejandro Sabella, who guided Argentina to the World Cup final in Brazil, has decided to quit ...
Ronaldinho on the Move    
Former World Player of the Year Ronaldinho has left Atletico Mineiro. The 34-year-old former Barcelona, AC ...
Beer Approved in the Big House    
Normally, alcohol sale and consumption is strictly forbidden inside the University of Michigan's stadium, but beer ...
>> Section 2 Around the Net Archives