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Atletico Madrid, Fenerbahce Face Sanctions for Missed Payments

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Sept. 11 (Bloomberg) -- Europa League winner Atletico Madrid is among 23 teams that failed to meet payment obligations worth about 30 million euros ($38.4 million), soccer’s European governing body UEFA said.

Atletico, which beat Champions League winner Chelsea 4-1 in last month’s Super Cup, could have prize money withheld and be banned from European competition if it continues to breach club licensing regulations, UEFA officials told reporters today in Geneva.

Clubs in the Champions League and Europa League had to provide the governing body details of their finances by June 30. A financial disciplinary body headed by former Belgian Prime Minister Jean-Luc Dehaene found 23 teams had overdue payments to other clubs, employees or tax authorities, UEFA said on its website.

“They’ve known the rules for years now,” UEFA General Secretary Gianni Infantino said in an interview in Geneva today. He said the total overdue amounted to about 30 million euros, half the amount owed last year.

Malaga, owned by a member of Qatar’s ruling family, was also named in UEFA’s list. It qualified for the Champions League for the first time this season. Among other teams named by UEFA were Turkey’s Fenerbahce and Sporting Lisbon of Portugal.

Editor: Christopher Elser, Alex Duff

To contact the reporter on this story: Tariq Panja in Geneva at tpanja@bloomberg.net

To contact the editor responsible for this story: Christopher Elser at celser@bloomberg.net

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