Atletico Madrid and Malaga among 23 clubs punished by UEFA for breaching Financial Fair Play

Posted Tuesday, September 11, 2012 by YAHOO Sport

UEFA's Club Financial Control Body (CFCB) has released an official statement announcing that 23 clubs have had their prize money withheld pending further investigation.

The clubs, all of whom are involved in European competition in 2012-13, had to provide information regarding the status of any overdue payables as at June 30, 2012. While these are part of the first measure of the new Financial Fair Play structure, there is no suggestion that particular rules regarding overspending have been breached.

Having identified that important overdue payables towards other clubs, and/or towards employees or social/tax authorities existed in 23 cases, the CFCB has punished each club involved, including Atletico Madrid, Malaga, Sporting CP and Fenerbahce.

The investigatory chamber will continue its investigations and request the clubs involved to provide an updated situation as of September 30, 2012. This conservatory measure will remain into force until all identified balances have been settled in full, or until a final decision has been taken.