The Club Financial Control Body investigatory chamber has given an update on its activities.
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018 – Lyon inquiry ended, Bursaspor and Anji exit settlement regime
The Club Financial Control Body (CFCB) investigatory chamber has given an update on its activities.
The CFCB investigatory chamber has announced today that FC Dinamo Moskva have been referred to the CFCB adjudicatory chamber, chaired by José Cunha Rodrigues, former judge at the European Court of Justice, for having breached the break-even requirement. This is the first instance of a club being referred to the adjudicatory chamber for a break-even infringement. The break-even rule foresees that clubs operate on the basis of the revenue that they generate and cannot repeatedly spend more than the income they produce.
Furthermore, Olympique Lyonnais have been found (following the submission of additional financial information) to have satisfied the break-even requirement and are no longer subject to any inquiry. Their case is therefore closed.
In addition, the CFCB investigatory chamber also provided updates on Bursaspor and FC Anji Makhachkala who both concluded settlement agreements last year. They were found to have fully complied with the terms of their agreements. As a consequence they have exited the settlement regime.
The CFCB is continuing its monitoring of those clubs who have disclosed a break-even deficit and who have been previously requested to supply additional monitoring information. More information on these clubs will be communicated by mid-May.