AQRA BIL-MALTI [+]
UEFA has taken disciplinary action against Floriana and ten other football clubs for failing to comply with solvency regulations for the 2022/23 season. The decision was made during the inaugural meeting of the Financial Control of Clubs, where UEFA assessed the clubs’ solvency requirements based on the new Regulations on Licensing and Financial Sustainability of Clubs.
The UEFA First Club Financial Control Body (CFCB First Chamber) announced that the eleven clubs – Aris Thessaloniki FC (GRE), FC Astana (KAZ), FK Borac Banja Luka (BIH), CFR 1907 Cluj (ROU), Floriana FC (MLT), Konyaspor (TUR), FC Kyzyl-Zhar SK Petropavlosk (KAZ), ŠD NK Olimpija Ljubljana (SVN), NK Osijek (CRO), HNK Rijeka (CRO) and Valmiera FC (LVA) – would face disciplinary measures for failing to comply with solvency requirements, including “no outstanding payments” during the 2022/23 season.
Floriana, in particular, will face an additional fine of €10,000 if the club fails to comply with solvency regulations and fully pays the minor amounts due by 31 March 2023. The club is among several others that have been flagged for failing to meet UEFA’s financial requirements.
This decision by UEFA underscores the importance of complying with solvency regulations and ensuring financial sustainability in football. The measures taken against Floriana and other clubs serve as a reminder that financial discipline is crucial for clubs to thrive and succeed in the sport.