Arsenal Football club placed on a UEFA watchlist with Barcelona and PSG for potentially breaching financial fair play rules

Arsenal have been placed on the FFP watchlist by UEFA after reporting a loss of £213million over the past three seasons.

UEFA rules only allow € 30 million (£25million) over a three-year period, but UEFA allow covid-related losses, and 'healthy' spending on women's football and the academy to be written off. The Gunners have spent heavily over the past two seasons.

Last summer, Arsenal were the Premier League's top spenders, parting way with over £150million on Ben White and Aaron Ramsdale among others. This summer, Arsenal have purchased Gabriel Jesus, Oleksandr Zinchenko, and Fabio Vieira.

The Daily Mail are reporting 20 clubs across Europe have been identified as potentially breaking FFP rules for the 2021/22 season by UEFA.

However, UEFA are still yet to receive the final accounts from teams, meaning it's unclear what sort of punishment Arsenal could receive.

PSG and Barcelona are also set to be handed punishments for their accounts up to 2020/21.

Comments

Nigerian Military hands over 23 rescued children to UNICEF through Borno State

The Nigerian military has handed over 23 children who were formerly associated with Boko Haram insurgents, to UNICEF through the Borno State government. The children were picked up during various military operations around the north-east region. Aged between 17 and 10 years, the boys and girls confessed to the military that they have been assisting the Boko Haram insurgents either as fighters or domestic helps in the camps. The Theatre Commander of a military counterinsurgency force, Abba Dikko, said the 23 children were released in line with Nigeria military’s commitment to the observance of human rights. He observed that the children and other vulnerable persons were victims who faced with the highly unstable circumstances induced by the conflict would have had little option but to fall under the thrall of the insurgents. “We were able to identify this category of people, especially the women, the aged and children to whom it behooves our sense of duty and res...

FRSC reinforces directive on use of google maps while driving

The Federal Road Safety Corps (FRSC) has clarified its position on the use of Google Maps, The FCT Sector Commander of the Federal Road Safety Corps (FRSC), Ayuba Gora was quoted saying that driving with the aid of Google map using mobile phones is a serious traffic offence. Gora said this at the inauguration of the 2019 Ember Months Campaign by Lugbe Unit Command of the FRSC in Abuja yesterday. But, FRSC Spokesman Bisi Kazeem making reference to Gora’s comments said the Sector Commander was quoted out of context and his statement outrightly misrepresented. Kazeem said the FRSC as a technology-driven organisation is not and has never stood against the use of Google Maps by Motorists. The statement read: “To state the obvious, we have always enlightened the public on the position of the law on the use of phone while driving. “The statement he made during the flag off buttresses the position of the Corps, which is that any driver who intends to deploy the use of Google Map...

Hurricane Hits Texas, One Person Reported Dead

Hurricane Harvey hit Texas as a Category 4 storm on Friday, battering the coast with 130-mph winds and torrential rain. It was the strongest hurricane to hit the United States in more than a decade leaving a massive destruction, loss of electricity, wrecked buildings and has so far killed at least one person. Scroll down to see more pictures of the incident:

BAMY BLOG

Search This Blog