Apparently UEFA has punished 23 clubs who for not complying with Financial Fairplay rules. These clubs have participated in European competitions and as a punishment, their prize money is being withheld. "The CFCB investigatory chamber has now identified that important overdue payables towards other clubs, and/or towards employees or social/tax authorities existed..." (from Goal.com article)
Apparently the clubs have to update CFCB with their financial reports by September 30th. The withholding of the prize money will remain in effect until the balance in question has been paid fully or until there has been a decision made on the matter.
The following clubs are the 23 identified: Borac Banja Luka, Sarajevo, Zeljeznicar (all BIH), CSKA Sofia (BUL), Hajduk Spli, Osijek (both CRO), Atletico Madrid, Malaga (both ESP), Maccabi Netanya (ISR), Shkendija 79 (MKD), Floriana (MLT), Buducnost Podgorica, Rudar Pjevlja (both MNE), Ruch Chorzow (POL), Sporting CP (POR), Dinamo Bucharest, Rapid Bucharest, Vaslui (all ROU), Rubin Kazan (RUS), Partizan, Vojvodina (SRB), Eskisehirspor, Fenerbahce (TUR).
Spain has two clubs that are being punished. Germany and England both managed to escape punishment. I think that Clark Whitney (who I usually disagree with) sent out a very accurate tweet about this. He said: "You get the impression the clubs that deserve to be punished (MCFC, CFC, etc) for FFP beaches won't be. Only smaller clubs affected thus far." This is so true and I hope that it does not remain this way. It will then only increase the divide between lower level clubs and better clubs. However, it is nice to see that UEFA is making some effort with the FFP. I guess time will tell what will happen with this.
Any thoughts on the situation? Am I totally off base? I admit that I am not very well versed in Financial Fair Play so any insight any one has would be great!